Friday, June 7, 2013

Lord Keynes — Coercion is the Basis of all Market Societies

This is a simple point, but important. All capitalist systems or systems based on markets – or indeed human society of any sort – require law and order and ultimately force and coercion to back up the law and the enforcement of the law.
Social Democracy For The 21St Century
Coercion is the Basis of all Market Societies
Lord Keynes

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