Capital export required state power to insure against risks shareholders refused to bear

Evidence

After the financiers had opened the channels of capital export to the superfluous wealth, which had been condemned to idleness within the narrow framework of national production, it quickly became apparent that the absentee shareholders did not care to take the tremendous risks which corresponded to their tremendously enlarged profits. Against these risks, the commission-earning financiers, even with the benevolent assistance of the state, did not have enough power to insure them: only the material power of a state could do that. — Hannah Arendt, The Origins of Totalitarianism, 368

Categorization

• XREF: This is the mechanism by which money compels state power abroad — directly feeds the Islamophobia readings on how economic interests summon the coercive state. — connects to: Finance requires the state to regulate markets and police its own excesses — Max Haiven, Cultures of Financialization, 504