WHAT IS POLITICS? cover image

4. How Political Definitions Shape Reality

WHAT IS POLITICS?

CHAPTER

The State and the Market

The state can impose restrictions or constraints on the choices that people make regarding exchanging their resources. But it can also be used to encourage markets, or even make them possible in the first place. Even most so called libertarian capitalists believe in maintaining some of state despite the fact that the very existence of a state violates the fundamental principles of capitalism.

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