this post was submitted on 18 Apr 2026
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To be even more fair, the division of those concepts is pure capitalist ideology. Only in capitalism can abstract wealth be truer than material wealth
I mean not really, industry is making things and economy is a measure of how things and the making of things are distributed and interact with each other and the people who need things
But then you get capitalist economics which just try to work backwards to justify the ideological conclusion of "it's good for us to exploit you, peasant"
In a fair world, industry and economy would be two aspects of the same thing, because there would not be a net flow of wealth into some countries at the detriment of the rest. You are right that they are conceptually distinct, I just mean that they shouldn’t be totally divorced. It is the invention of abstract wealth that justifies the extraction of real wealth.
The treatment of economics as purely a question of distribution is another bourgeois ideology that goes back to Marx’s time and earlier