Posts by mazjomedia

It is the dependency of the state on business that predisposes states under capitalism to be inherently captured by capital. Without business investment, the state cannot generate revenue from taxation in order to undertake its function. If the state leadership or governing political party presides over a declining economy characterised by unemployment and insufficient state revenue to finance social services, it runs the risk of electoral defeat. So, it is in the material self-interest of the state’s incumbents for business to invest.

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