Wartime state control proved economies are politically moldable

Evidence

But these massive wartime interventions exposed an inconvenient fact. Economic forces never operate independently of society’s political dynamics. If the state could mold the economy to serve the needs of war, in peacetime it could mold it to promote the well-being of those whose sweat, muscles, and brains are the basis of national prosperity. The war had demonstrated “the profoundly political nature of the capitalist economy.” — Gary Mongiovi, Austerity Is an Antidemocratic Strategy…, 29

Categorization

  • XREF: Connects to the argument that neoliberal austerity was a chosen political project, contradicting the notion of budget deficits as apolitical constraints. — connects to: WWI’s state economic control revealed the economy’s inherent political nature; World War I proved production relations could be deliberately changed — Clara E. Mattei, Escape from Capitalism, 174; State wartime intervention exposed the natural order of capitalism as a political choice — Clara E. Mattei, Escape from Capitalism, 169 (+23 more)

Broader Connections