Query: Can it be that politics favors the balance sheet while economics favors the P&L?
Assets can be taken more readily and are worth taking more valuably than income because income is less alienable and requires more covenantal legitimacy than assets. Wars are worth more than occupations because wars take the assets while occupations need to control the incomes.
A social system that employs the economic system to temper the political system produces a social order that tilts away from the asset values and toward the income and revenue values. It is not who owns the means of production that matters because whoever owns those assets becomes a ruling class. It is the periodic de-valuing of the means of production so that the income flows are biased always to dominate the asset values that matters. By so doing the social system naturally favors the middle class, the class that is responsible for maintaining the income flows, and disfavors the politically powerful ruling class as well as the more servile and politically malleable lower classes.
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