• overflow@lemmy.mlM
    link
    fedilink
    arrow-up
    1
    ·
    3 years ago

    how is this an example of a weak state and pseudo-capitalism when it’s the state using a cooperative to enrich itself

    • MwalimuOP
      link
      fedilink
      arrow-up
      1
      ·
      3 years ago

      weak state – a state eroded by corruption and competing with other sources of authority like the church and the local elders. pesudo-capitalism – they claim it is a cooperative but when you dig deeper, it is a semi-cooperative to create goods for a capital market.

      • overflow@lemmy.mlM
        link
        fedilink
        arrow-up
        0
        ·
        3 years ago

        having corruption and other sources of authority doesn’t make a state weak it specifically refers to one that cannot levy taxes/provide security etc. and a capital market refers to a place to trade financial instruments used by individuals and governments for fundraising such as stocks, bonds, etfs etc.

        • MwalimuOP
          link
          fedilink
          arrow-up
          1
          ·
          3 years ago

          My bad on the definitions. I was giving a general observation not precise definitions. My point about pseudo-capitalism is this - these cooperatives are largely about production, not distribution.