The OTHER Shaky Foundation of The Global Financial System
When the illegal economy is more stable than the legal one, you know we’re in deep you-know-what. [From The OTHER Shaky Foundation of The Global Financial System]
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perhaps it is just me, but i cannot imagine a contemporary capitalist society where, the illegal economy would not be more stable. it by definition has to fix arbitrage on secondary means of legitimation.
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You know, that’s a good point that would deserve further / greater developments!
too bad it is past my bedtime
but i was thinking back to my readings on the informal economy as a system of social legitimation and extension of legitimation.
I think the informal economy is a different business from the illegal economy which is actually quite formal.
I agree, but the informal economy is what made me think about the problem of sustaining systems, then the fixing of arbitrage from braudel, and then the system of legitimation