Politics and Commerce

Paper Summary:

The essay discusses the statement "Over the last two decades, the balance of power between politics and commerce has shifted, making the new political state corporate." The paper examines how, in general terms, the evidence of this is largely already in, as seen through tax breaks for the wealthy and corporations, along with social and labour legislation that effectively turn back the clock.

From the Paper:

"According Noreena Hertz, "over the last two decades, the balance of power between politics and commerce has shifted," making the new political state corporate. In general terms, the evidence of this is largely already in, as seen through tax breaks for the wealthy and corporations, along with social and labour legislation that effectively turns back the clock (Hutcheson 40). But more in particular, there is a human face on this conservative revolution that has taken full advantage of the fall of communism by forcing the state, pretty much all states, to withdraw from the marketplace so as to foster and atmosphere of unfettered capitalism (Hutcheson 16)."

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