Source: The Peaceful Revolutionist
by David S D’Amato
“Revisiting founding-era figures like Alexander Hamilton makes it clear that today’s language around the relationship between the state and capital is deeply confused to the point of being backwards. In the early U.S., state power and capital accumulation were co-constitutive and mutually-dependent, never opposed as phenomena in theory or practice. Our current deeply problematic language, which often pretends that the state reins in big business, is among the most laughable and ahistorical features of our discourse. During the early republic, the champions of big business were those of big government and vice versa, and federal power was shored up very explicitly to favor commercial elites.” (10/22/25)
https://dsdamato.substack.com/p/the-engines-of-state-capitalism-part-7c2