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by vundercind 860 days ago
Yeah, last I checked the “story” of capitalism and strong market economies is generally regarded as essentially having the emergence of the proto-nation-state (as in e.g. Spain under the “Catholic Monarchs”) as a prerequisite, as far as being something that can exist on an all-encompassing scale rather than in the margins, in tiny states navigating the “waters” between larger polities with other economic systems.

Stability and guarantees from a strong central state really grease the wheels of commerce.

1 comments

That's essentially my understanding too. The legal construction of property, and rule and commodification of law are all necessary functions of market economies.