Replying to Avatar ( -_-)

Not really, banks are using the entity will the monopoly on violence to implicitly break the debt contracts they entered into - that's fraud
Avatar
Mike Brock 2y ago

Yes, the state has a monopoly on the legitimate use of violence. The point of this is to create dispute resolutions that do not require everyone resort to physical violence.

Reply to this note

Please Login to reply.

Discussion

Avatar
( -_-) 2y ago

Saying that, in this case bank bailouts, are a legitimate use of state power is also a normative statement. And I disagree that it's legitimate.

Avatar
Mike Brock 2y ago

The whole concept of “legitimate” is normative, by definition.

Avatar
( -_-) 2y ago

I don't even know what we're talking about anymore