#+title: public spending cannot fight capital
- tags :: [[file:capitalism.org][capitalism]] [[file:20210312164849-fiscal_policy.org][fiscal policy]] [[file:20210312164855-role_of_government.org][role of government]]
- source :: [[file:literature/20210306155518-automation_and_the_future_of_work.org][Automation and the Future of Work]]

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 [[file:20210312164354-capital_strike.org][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.