Reading Hamilton From the Left

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An excellent overview of how Alexander Hamilton's Federalist, dirigiste vision of state-supported capitalism was the basis for the growth of American capitalism. As opposed to Jefferson's large, patrimonial, slave-owning, agrarian elites who exported primary commodities and imported finished manufactured goods from Europe.

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The state is the necessary but not sufficient pre-condition for capitalism’s development. There is no creative destruction, competition, innovation, and accumulation without the “shadow socialism” of the public sector and state planning.
Christian Parenti, "Reading Hamilton From the LeftReading Hamilton From the Left"
[...] a huge part of the problem is the Jeffersonian notion that “the government that governs best is the one that governs least.” While that is true as regards individual liberty, it is absolutely dangerous to think that way as regards the economy.
Christian Parenti, "Reading Hamilton From the LeftReading Hamilton From the Left"