Business and Polity explores, through a variety of economic and political formations over the past two and a half millennia, right from the Greco-Roman civilization to present day globalization, the behavior of two power networks: those who control the levers of political power and those who engage themselves in wealth-generating activities. It traces the dynamics of interdependence between these two powerful networks and what happens when one or the other becomes more powerful.
The rational and logical approach taken by the author reveals the links that our modern state of affairs has with the experience of past civilizations—knowledge that can potentially enhance our ability to make informed decisions to shape the global future. Though the content is academic and interdisciplinary in scope and nature, its lucid presentation will appeal to a wide range of readers who are interested in geopolitical issues and economic, political and business history.
Chapter 13: Economic Nationalism: Fusion of the Sword and Purse
Economic Nationalism: Fusion of the Sword and Purse
We discussed in the two previous chapters how, as the fiscal-military states were taking shape, the major political powers and the bourgeoisie came to be increasingly dependent on each other. Dependence showed up in various forms, but, given the territorial ambition of the ruling classes, and the over-riding need for resources, the power and the reach of the bourgeoisie were always visible.
A war cannot be fought and won without the backing of a strong and supportive economy; military strength alone does not help. Princes and monarchs soon came to realise that they needed wider and deeper relationships with the bourgeoisie to get an edge in their power games. Contemporary powers ...