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An excellent thought

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    One is reading Duncan Foley's "Adam's Fallacy: A Guide to Economic Theology" and came across this:

    "Capitalism does not require political control of the state to exist, though it always seeks political control of the state to flourish."

    which explains the attempts by the monied class to control the state and enforce a dystopian utopia on the populace.

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    Good quotes for thought. However, I really don't know the definition of the "moneyed class". Is there some consensus as to a certain level of wealth and income owned to exert influence? Is the "moneyed class" one of the subsets of class warfare?
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    Schmidt Wrote: Good quotes for thought. However, I really don't know the definition of the "moneyed class". Is there some consensus as to a certain level of wealth and income owned to exert influence? Is the "moneyed class" one of the subsets of class warfare?
    I'll take the .01%. That works for me. Actually it is those with wealth that seek the levers of power to distort the political economy for their gain.
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    lonely bird Wrote:
    Schmidt Wrote: Good quotes for thought. However, I really don't know the definition of the "moneyed class". Is there some consensus as to a certain level of wealth and income owned to exert influence? Is the "moneyed class" one of the subsets of class warfare?
    I'll take the .01%. That works for me. Actually it is those with wealth that seek the levers of power to distort the political economy for their gain.
    Amen