The lack of sound money completely ended the idea of any private actor rivaling the state If your source of power is money then the state owns you because it can outbid you for anything - best move is to just preemptively comply with their wishes
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Not only can the state outbid you directly, you can't even beat your nominally private rivals because the state has infinite funds to back them directly or indirectly
2:37 PM - 24 May 2018
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