California government: implications for capitalism

January 11, 2011

Business would feel the sting of Brown’s budget proposals

The governor wants to close a $25-billion gap in California’s spending plan partly by eliminating redevelopment agencies and enterprise zones and ending a new corporate tax break.

This hints at the fact that capital does not think it can operate without state support. Revealing position for capitalists to be in.

The reason why this is important is because we are likely to see more, not less, demand for privilege for capital, with excuses like “get the economy moving” but where owners of wealth are the real beneficiaries, not the general welfare.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: