by craig on March 28, 2011 1:02 pm in Economic Policy
There is a very interesting post here from Stumbling and Mumbling about the mutual dependence of big capital and the big state, and by and large he is right. I think he understates the interlocking of big capital and the big state, and the extent to which the modern state is simpky a tool of large corporate interests. He also does not really consider the whole nexus of Eisenhower’s military-industrial-Congressional complex.
In fact, major coroporate interests are now above the nation state. They can effectively be exempt from the criminal law, like BAE Systems. Or avoid the jurisdiction of a nation state almost completely, like Vodafone.
A large state, like large concentrations of capital, produces an excessive concentration of power; to put that another way, both reduce the freedom of individuals. That is why I am not with the corporatist interests who were marching at the weekend, It is also why I am not with the Tories. I retain a quaint belief that the best economic model is one where the workers own the company, at the enterprise level rather than the state level, while natural monopolies and social services are provided directly and simply by the state.