πŸ“š node [[capital strike]]

Capital strike

Capital threatening a state by for example witholding its business. Used to pressure the state into doing what the business wants, i.e. something that's probably bad for the people but good for profits.

The idea of a β€œcapital strike” has been around forever. It’s the obvious complement to the labor strike: just as workers can shut down production by refusing to come to work, capital can shut down the economy by refusing to invest and hire workers

– The Right’s Favorite Strike

The capital strike threat prevents policymakers from seriously considering many popular and sensible reforms.

– When Capitalists Go on Strike

πŸ“– stoas
β₯± context
β₯… related node [[20210312164354 capital_strike]]