Im not sure about the influence. money is power. the president doesnt run america either. but he has some power.
I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
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The royal family is very wealthy. But there are wealthier people. Does Elon Musk or Jeff Bezos run the U.S.? They have influence. They don't run the show.
They have alot of influence. Money is power
But the British don't have a "monarchy economy". You as usual have a fundamental misunderstanding of how things work.
Its a mixed economy. america is not capitalist either, its mixed. the best system does not dominate
Has nothing to do with the British having a figurehead monarch.
Why do they have a monarchy at all if ur theory of efgiciency holds true?
Its cuz ur wrong
It's a tradition that they cling to. A lot of Brits hate the monarchy but the majority want to hold on to the tradition.
but it goes against your theory of efficiency
a portion of their economy is monarchy. its 2022. according to your theory, it should all be capitalist.
zubenelgenubi
I'm a star
You're conflating political and economic systems.
A portion of the economy isn't "monarchy." It's a capitalist country.
You do realize that Canada is also a constitutional monarchy and King Charles is the head of state in Canada? Does Charles run your economy?
theres not much distinction.
economic democracy, political democracy. if you dont have one, its hard to have the other.
people with money run our country. so yes in a sense he does.
You didn't know Charles is your king did you?
zubenelgenubi
I'm a star
Just because you have two distinct systems that coexist does not mean they are the same thing, or serve the same purpose. This is why language is important. You can't properly understand something if the definitions of the words become diffused to the point of lacking any meaning.
i think its good to know UK is likely a weak political democracy and a mixed economy which is part capitalist dictatorship, part state intervention, part monarchy
i dont think richard wolff likes to draw distinctions between politics and the economy. they are mixed because power in the economy partly depends on power in politics. the people who control the economy shapes people's minds.
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That was a pretty big hit. Sure glad he donated all the proceeds to charity.
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