TreadOnMe , 10 months ago (edited 10 months ago)

Ehh, kinda, but not really. It’s pretty standardized (which is hilariously rare for these disciplines) within sociology, anthropology and even economic theory. At most economics would label it an ‘inefficient market’ but even they are stretching their definition to the breaking point when there is no actual expectation of reciprocity for most transactions.

You absolutely need an army to sustain market economies. Somebody has to collect the debts. Why do you think America spends more money than anywhere else on it’s police force? You have to have a monopoly of force in order to sustain obviously unfair and arbitrary property relations. Why does America have military bases across the globe and sanction countries that refuse to engage on it’s market terms? Because we need to have the potential to place a boot down or provide training for those that will do our enforcement for us.

Look at crypto, without centralized financial support it all but crumbled, to only resurge as a speculative asset, only to dip again. Maybe it will make a resurgence, but it is capital with no army, never to break the bounds of the fin-tech industry.

Force is what drives and has always driven market economies. To believe otherwise is to be an-cap, to separate the historical development of markets, capitalism and the state.