I\’ve been wondering where Ritchie gets some of his economic ideas from

What is the difference between productive state capital and parasitic financial capital?

State capital is directly productive capital. In its purest form, especially with small businesses, it is still national and earthbound, it works and creates work, it is fixed and not just in cash, it may not and cannot be destroyed, because it is vital for the life of the nation. Admittedly, it has developed in an unhealthy way in recent decades and needs a wholesale reform.

Financial capital is not productive, it is parasitic. It is not earthbound, but stateless and international, it produces nothing but has forced itself on normal production in order to suck out a percentage.

6 thoughts on “I\’ve been wondering where Ritchie gets some of his economic ideas from”

  1. …..has forced itself on normal production in order to suck out a percentage…..

    Bastards, they have never forced their cash on me, I have always had to go begging.

  2. @Mark Wadsworth – ‘I’m sure he’ll not be best pleased at being outed.’

    Don’t worry about his feelings Mark – he’s been dead for 70 years.

  3. parasitic, stateless, international … suck[ing] out a percentage…?

    Lawks, why doesn’t he stop beating about the bush and identify the old enemy, the Wandering Jew? Woooooooo…

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