Business and Polity: Dynamics of a Changing Relationship by D N Ghosh

By D N Ghosh

Enterprise and Polity explores, via numerous financial and political formations during the last and a part millennia, correct from the Greco-Roman civilization to offer day globalization, the habit of 2 energy networks: those that regulate the levers of political strength and people who have interaction themselves in wealth-generating actions. It strains the dynamics of interdependence among those strong networks and what occurs whilst one or the opposite turns into extra strong. The rational and logical technique taken by way of the writer unearths the hyperlinks that our glossy scenario has with the adventure of earlier civilizations wisdom which could probably improve our skill to make expert judgements to form the worldwide destiny. even though the content material is educational and interdisciplinary in scope and nature, its lucid presentation will attract quite a lot of readers who're drawn to geopolitical matters and fiscal, political and enterprise historical past.

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When the major European powers were venturing out in the Atlantic, they were prepared to share part of their sovereign powers in several areas with the companies set up by merchant communities to explore new trading opportunities. The two classes of actors have been accommodating when their interests have converged and even, on occasion, when they had nursed antagonistic opinions; we have also seen a fusion of two interests, when, for example, the wealth-creating business class takes upon itself the role and responsibilities of the ruling class or vice versa.

But the way these two realms function and interact may create a dynamic that may become decisive in changing or even destroying societies. In any society—primitive, imperial or capitalist—the dynamic expresses itself through a continuous creative process that extracts wealth to generate a surplus over what is required for maintenance or reproduction. The way that surplus is generated, accumulated and redistributed holds the key to the relationship between business and polity. In a broad sense, business generates and accumulates surplus while it is polity that redistributes the surplus—and also has the responsibility to create conditions that facilitate the production of this surplus.

A political regime may be motivated by a diverse range of interests beyond self-preservation, by objectives Introductionâ•… xli such as acquisition of territory, enhancement of coercive reach, acquisition of wealth through military exploits or spread of cultural, religious and ideological beliefs. Territorial boundaries— in a world never yet dominated by a single state—also give rise to regulated interstate relations where geo-political diplomacy assumes importance. A polity will require different kinds and orders of resources; through successive civilisations, political power holders had to necessarily turn to business, to actors who operate in the resource generating activities.

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