2min chapter

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#303 – Steve Keen: Marxism, Capitalism, and Economics

Lex Fridman Podcast

CHAPTER

What Is Direction Versus Ownership?

The state would tell factories what to do with a still private profit. A large part of why the Nazis succeeded was the extent which they managed to co-opt, major manufacturers in Germany. So it's direction versus ownership. That rules out the Nazi period. They use the word that they're getting their bastardizing as much as Americans do in the opposite direction.

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