Hacker News new | ask | show | jobs
by tammer 225 days ago
Recent history of Apple vs. sovereign states is a real time vindication of Polanyi. Capital is always subordinate to the state (even if it proclaims to be the opposite).
1 comments

> Capital is always subordinate to the state

the international monetary fund has every state in debt. some third-world countries become subordinate to it, when they're not able to pay the interest payments.

The IMF is a UN agency controlled by member governments. It's subordinate to 190 governments.