On Nestor's "analysis"

Louis Proyect lnp3 at SPAMpanix.com
Fri May 11 16:27:20 MDT 2001

Julio Huato:
>Let us look at the facts.  Capitalism emerged as a mode of production in
>Europe in the 16th century.  There was no state power assisting it.  If
>anything, there were state powers blocking it, taxing it, slowing it down.
>If capitalists needed their interests to be protected, they had to buy their
>influence.  It was until the 18th and 19th centuries that European
>capitalists succeeded at organizing state powers specifically devoted to
>protect their interests.  This is a historical fact.

A historical fact? What do you call the British East India Company? Or the
Hudson Bay Company? The mercantile phase of capitalism is marked by a
tightly-knit symbiotic relationship between the state and embryonic forms
of capital. The state protected such ventures as seedlings are protected in
a nursery. All this is discussed at length in v3 of Capital. Maybe you
should stick to abstractions and lay off the facts.

Louis Proyect
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