Can government policies move the dial on economic justice? To a certain extent, they can, but the answer is not as simple as it may appear. One feature of capitalism that is often disregarded in standard economics classes is the role of the state. Sure, the central bank and fiscal policy are core staples of macroeconomics courses, but the centrality state to the market system itself is often ignored. Let’s be clear: capitalist markets are a product of the state. Other than state socialism, no economic system has fostered a larger state apparatus than capitalism. Indeed, the current United States federal state is the largest state entity human beings have ever devised.
Economic policy is important because the state, wealth concentration, and capitalist firms are intimately intertwined. Explore this section to learn about struggles within the state to achieve greater economic justice at the federal level and beyond.
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