[lbo-talk] The State and Capitalism

Eubulides prince.plumples at gmail.com
Tue Mar 4 12:12:48 PST 2008


On Tue, Mar 4, 2008 at 11:21 AM, Doug Henwood <dhenwood at panix.com> wrote:


> Capitalist firms cooperate too. GM buys parts from vendors. Wal-Mart
> buys goods from suppliers. Construction projects are managed by
> general contractors and a host of subcontractors. There's often a
> hierarchy, with GM and Wal-Mart more powerful than the suppliers, and
> the general contractor is more powerful than the plumber, but there's
> no government involved in those relations. And it's everyday capitalism.
>
> Doug

==================

The State[s] are a party to every written contract on Earth; that's law and economics 101. Now the de-Statification of contract enforcement is an interesting topic, one merely needs to check out critiques of Coase.

Ian



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