Jonah Birch – The Many Lives of François Mitterrand

Link to an article by Jonah Birch:

“The Many Lives of François Mitterrand”


“the political power of the capitalist class flows not just from what capital can do, but from what it can choose not to do — invest. It is its control over the investment function, not its collective organizations, that is the key source of capitalists’ power in the political sphere: since, in a capitalist economy, investment is the prerequisite for growth, employment, and tax revenue, policymakers will always have an incentive to prioritize the demands of business confidence over all other considerations.”