[lbo-talk] More on voguish "helicopter money"

Shane Mage shmage at pipeline.com
Sat May 14 10:53:23 PDT 2016


On May 14, 2016, at 1:11 PM, Carrol Cox wrote:


> "widening inequality which is politically destabilizing"
>
> =======
>
> Accounts of 19th-c England suggest that this alleged "instability" is rather easily contained.

"Political instability" means only instability *within* the state apparatus. The greater the inequality the greater the privileges of members of that apparatus (from prison guards at the bottom to Presidents at the top). Hence, the greater the inequality the greater the political stability, whose sole measure is the ability of the state to repress effectively.

Shane Mage

"Thunderbolt steers all things." Herakleitos of Ephesos, fr. 64



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