The economy never operates free of political and ideological practices

Evidence

What he refers to as “world economies”—networks of economic connections of a geographically extensive sort—have existed prior to modern times, but these were notably different from the world system that has developed over the past three or four centuries. Earlier world economies were usually centred upon large imperial states and never covered more than certain regions in which the power of these states was concentrated. The emergence of capitalism, as Wallerstein analyses it, ushers in a quite different type of order, for the first time genuinely global in its span and based more on economic than political power—the “world capitalist economy.” — Anthony Giddens, The Consequences of Modernity, 173 (#contradicts, via linked claim)

Categorization

• XREF: connects to: The economy can never act detached from political and ideological practices.; Capitalism never achieved the coherence promised by an objective system; Capitalism has no necessary correspondence with any particular political or legal form (+6 more)

Related

• The economy can never act detached from political and ideological practices. (similarity 0.84)
• Capitalism created the first global economy based on economics rather than politics (similarity 0.83)
• Capitalism’s non-political nature enabled its global penetration beyond state reach (similarity 0.80)
• Much societal power remains beyond the political system’s reach (similarity 0.79)
• Classical political economy presumed political sovereignty over economic activity. (similarity 0.79)
• Economic freedom as defined by experts required curtailing political freedoms across ideological lines (similarity 0.78)

Broader Connections

• Capitalism created the first global economy based on economics rather than politics #contradicts (0.85) — Anthony Giddens, The Consequences of Modernity, 173
• Capitalism has no necessary correspondence with any particular political or legal form #corroborates (0.70)
• Juridico-political ideology masks the economic’s determinant role under capitalism #corroborates (0.65)
• Economic structures are necessary but not sufficient to explain political and ideological features #corroborates (0.60)