Capitalism works — but must be controlled

00:59:56 — Capitalism works — but must be controlled

Žižek’s concession, and its pivot. Capitalism, at a certain level, does organize productive activity — denying this is a fantasy. But the supposed antithesis between ‘market’ and ‘state’ is itself ideology: the historical record, he says, shows that free markets exist only when a strong state actively breaks the monopolies that capitalism spontaneously generates. A left that wants competitive markets must therefore want a much stronger state, not a weaker one.