Sunday, September 06, 2015

Quotes 10

The game played between the state and the market economy takes place on a field on which two systems for organizing power to allocate resources and to distribute the costs and benefits of their production and consumption coexist and coevolve. A rough historical rhythm is discernible as the losers from one dispensation appeal to - or invent - the other in search of redress [See also M Ramesh on pragmatic evolution, or problem solving of issues raised by overdominance of one pole, for another driver of the process]...deepening globalization of markets intensifies the conflict to the point of calling into question the simultaneous maintenance of both democracy and the autonomous nation-state [given global markets].

- William Janaway

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