📕 subnode [[@ryan/20210312164831 public_spending_cannot_fight_capital]] in 📚 node [[20210312164831-public_spending_cannot_fight_capital]]

There is a belief that what will solve modern economic conditions is a [[file:20210312164713-new_deal.org][New Deal]]-style jobs policy and increased public spending. There is one major problem with this idea that history has shown: the capital strike which means that firms can simply disinvest from your economy if they feel that public policy is unfair to them. Therefore the solution is to threaten such firms existentially with socialization of the means of production.

📖 stoas
⥱ context