Cowboy capitalism and the state

posted by
February 20, 2011
Center for a Stateless Society
by Kevin Carson  
Posted in Commentary

"[T]he tendency to generate a surplus for which there are insufficient investment outlets is, in the main, a result of the state capitalist economic model. Government enforcement of artificial scarcity and artificial property rights generates rents, and thereby shifts income from workers and consumers to the owners of such artificial property rights. That means a shift of income from the classes with a higher propensity to consume to classes with a higher propensity to invest, and a resulting chronic tendency toward underconsumption and overaccumulation." (02/17/11)  


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