Imperialist expansion and state violence monopoly displaced Jewish financial monopoly

Evidence

Only at the end of the nineteenth century, with the rise of imperialism, did the owning classes begin to change their original estimate of the un-productivity of state business. Imperialist expansion, together with the growing perfection of the instruments of violence and the state’s absolute monopoly of them, made the state an interesting business proposition. This meant, of course, that the Jews gradually but automatically lost their exclusive and unique position. — Hannah Arendt, The Origins of Totalitarianism, 100

Categorization

• XREF: connects to: Command economy and monopoly capitalism coexisted under Nazi rule — Martin Jay, The Dialectical Imagination: A History…, 510; Japanese currency controls created an arbitrage that sustained Jewish refugees. — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 642