The Shield of Achilles
"What are the characteristics of the market-state? Such a state depends on the
international capital markets and, to a lesser degree, on the modern multinational business network to create stability in the world economy, in preference to management by national or international bodies. Its political institutions are less representative (though in some ways more democratic) than those of the nation state. The Open Markets Committee of the Federal Reserve and the electronic referendum (to take two extremes) are more characteristic of the market state than the elegant electoral representative institutions envisioned by Hamilton and Madison or the mass election campaigns of Roosevelt and Johnson."
That sounds to me a lot like imperialism as the highest form of capitalism. What do others think?
Posted by J