On the rich capturing the State

In other words profits rise when state spending rises, not vice versa. Cutting state spending now is likely to reduce profits, that’s what the evidence says…….But it is outright class warfare as the rich seek to capture the state for their own benefit.

Guess who says that cutting state spending so that profits fall is proof perfect of the rich capturing the State for their own benefit?

2 thoughts on “On the rich capturing the State”

  1. I think he needs to learn that correlation does not imply causation when it comes to state spending and private company profits.

  2. ‘Class warfare is always waged with greater venom from above than from below’ –

    Eric Hobsbawm. Can’t find much fault with that myself.

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