It requires organized violence, which is easily facilitated by a centralized state, but I don’t think the centralized state is necessary per-se.
I will definitely agree that it tends to centralize power over time, but I suspect this is true of all higherarchical systems of organization. Those with power will try to accumulate more.
Since power tends to centralize over time, a stateless capitalism which would be free of any regulation would pretty much always form a state in the end.
You need the monopoly on violence for capitalism to continue.
Capitalism requires a centralized state to function, and also tends to centralize economic power over time.
You could say it’s not as centralized as central planning but it’s by no means a decentralized system.
It requires organized violence, which is easily facilitated by a centralized state, but I don’t think the centralized state is necessary per-se.
I will definitely agree that it tends to centralize power over time, but I suspect this is true of all higherarchical systems of organization. Those with power will try to accumulate more.
Since power tends to centralize over time, a stateless capitalism which would be free of any regulation would pretty much always form a state in the end.
You need the monopoly on violence for capitalism to continue.
Sure, but that’s not what was being argued.