War exposed the market’s self-regulating capacity as inadequate for total production

Evidence

During the war, the state demolished its former boundaries of action. Faced with the choice between life or death, victory or defeat, war governments were forced into implementing economic practices that were unheard of— or better, unimaginable— until that moment. Th e selfregulating capacities of the market had proved inadequate for the unprecedented productive necessities of the war struggle. — Clara E. Mattei, The Capital Order, 106

Categorization

  • XREF: The wartime revelation that markets cannot self-regulate under crisis pressure sets the stage for the reactionary imposition of austerity the reader is tracing as class weapon. — connects to: Wartime state intervention exposed market arrangements as political choices, not natural facts — Clara E. Mattei, The Capital Order: How Economists…, 34; Market logic failed to meet wartime production needs. — Clara E. Mattei, Escape from Capitalism: An Intervention, 166; War forced comprehensive state economic control that outperformed laissez-faire. — Clara E. Mattei, Escape from Capitalism: An Intervention, 168 (+7 more)

Broader Connections