Monday, June 18, 2018
Purchase Power and Plutocracy
As the phrase 'purchase power' signifies, a purchase is a kind of conquest. In the case when the purchased is inanimate, it is not recognized as such, but when human labor is involved, Economic power becomes Political power. Likewise, a Democracy in which the wealthy have disproportionate influence over the political system becomes a Plutocracy when the accumulation of wealth becomes the telos of the system. One indication that a polis is, in fact, a Plutocracy is a foreign policy with Economic goals, e. g. a war against an alternative Economic system, military action at the service of securing and protecting markets, etc. The difference between the power relations in a Plutocracy and the purchaser-purchased relation is one of degree, not of kind.
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