>"Markets" should not have a veto on policy in a democracy.
capitalism is meant to be organic thing like a bacteria. a self-organizing network. one cannot legislate nature, one cannot legislate human nature. Imagine making crimes illegal and then nobody committing crimes. Imagine making it illegal to change lanes without using your turn signal.
a democracy can give an antibiotic by dr. democracy to clear the infection, that is the nature of control here .. but if it's a nasty bug.. the bug will veto the doctor
We have a system of laws that undergird the economic system - the legal protection of private property being the main one. Private property requires a monopoly of violence to enforce.
When capitalism colonizes a legal system, it necessarily creates the incentives for the legal system to adopt laws to maintain itself. If for some reason private property was not legally enforceable, capitalism wouldn't get off the ground.
It was probably meant in the manner of: "the purpose of a system, is what it does"...
I.e. regardless of how it evolved (system of laws written with good intent, or system of laws organically grown out of corruption and lobbying...) what capitalism does now is its purpose, and we shouldn't expect it to be meant to do anything different.
> capitalism [...] necessarily creates the incentives for the legal system to adopt laws to maintain itself
Agree
> If for some reason private property was not legally enforceable, capitalism wouldn't get off the ground
I think this makes as much sense as saying: "if money wasn't a thing, capitalism wouldn't get off the ground".
Technically true, neither capitalism nor feudalism would be able to get off the ground, but "private property not enforceable" evokes images of thugs stealing your property... The truth is that the first few people (or group thereof) who accumulate a commodity (grain, livestock, widgets, etc.) would also be the first who would be able to bribe/pay thugs with a small share of their commodities, to help protect from (deny access to) others in the community.
The monopoly of violence (and legal authority) would grow out of the initial group.
In the same way, even if money was going to be abolished, any other commodity would just take its place, and rebuild capitalism with it. It is tricky to wrestle democratic control back, and move on from capitalism.
capitalism is meant to be organic thing like a bacteria. a self-organizing network. one cannot legislate nature, one cannot legislate human nature. Imagine making crimes illegal and then nobody committing crimes. Imagine making it illegal to change lanes without using your turn signal.
a democracy can give an antibiotic by dr. democracy to clear the infection, that is the nature of control here .. but if it's a nasty bug.. the bug will veto the doctor