The economic games of the state

@ 30.11.2022

One of the foundations of interaction between state and society is economic policy. Certainly, in economic policy, the state acts as a mega-regulator, and the largest economic agent.

Society has in principle a much more modest and limited arsenal of instruments to influence economic policy. These are mainly a passive role in the form of everyday consumption or accumulation. But society also has quite formidable and powerful instruments in its arsenal, which tend to manifest themselves at the most critical moments.

And despite the fact that public tools are quite limited, in moments of financial panic, one-time outbursts can bring down the financial system of almost any state.

Generally, in the specified subject, the role of the state is an architect of the labyrinth, which by its own design builds walls, arranges passages and directions through which corporations in the pursuit of profit or households satisfy their needs. The only thing that the state should not forget is that we should not build walls on all sides and leave no exit, we should not leave no possibility for movement at all, because otherwise the most terrible thing would happen - the economy in the usual market sense, will simply stop.

Given globalisation, the growing mutual influence of economic agents on each other's behaviour, the regulatory role of the state in specific economic relations will steadily diminish, and will remain only in global areas of regulation, as if determining the general economic climate through economic, financial policy.

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