When investment is in private hands, it will only occur if those hands can be reasonably certain of a return. In this sense, economic growth - at least within a capitalist economy - requires the state to guarantee capitalists' wealth.
Instead, my point is simple. If Andrew is serious about wanting the state not to intervene in the economy to keep the rich rich, he must adopt a very radical position indeed. I warmly welcome him into the left-libertarian fold.
Stumbling and Mumbling
Keeping the rich rich
Chris Dillow | Investors Chronicle
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