Irish literary critic Mary Colum was mistaken. Greater net worth is
not the only way the rich differ from the rest of us—at least not in a
corporatist economy. More important is influence and access to power,
the ability to subordinate regular people to larger-than-human-scale
organizations, political and corporate, beyond their control.
To be sure, money can buy that access, but only in certain institutional settings. In a society where state and economy were separate (assuming that’s even conceptually possible), or better yet in a stateless society, wealth would not pose the sort of threat it poses in our corporatist (as opposed to a decentralized free-market) system.
Read more: http://www.theamericanconservative.com/articles/how-the-rich-rule/
To be sure, money can buy that access, but only in certain institutional settings. In a society where state and economy were separate (assuming that’s even conceptually possible), or better yet in a stateless society, wealth would not pose the sort of threat it poses in our corporatist (as opposed to a decentralized free-market) system.
Read more: http://www.theamericanconservative.com/articles/how-the-rich-rule/
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