State capitalism is about more than emergency government spending, implementation of more intelligent regulation, or a stronger social safety net. It’s about state dominance of economic activity for political gain.
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"The End of the Free Market: Six Questions for Ian Bremmer," Harper's (May 7, 2010)Ian Bremmer
The free market tide has now receded. In its place has come state capitalism, a system in which the state functions as the leading economic actor and uses markets primarily for political gain.
Ian Bremmer
The path away from economic freedom is, as Hayek long ago demonstrated, the road to serfdom. The road may be a long one: the pace may be swift or slow: but the destination cannot be changed. State ownership, state monopolies, state regulation and state planning, through the centralisation of economic power, inevitably lead to economic failure. They inevitably increase both the temptation and the scope for abuses of political power until freedom itself is threatened. The planned economies, the controlled societies which socialism requires, pervert what are truly economic decisions for the market into political decisions for the politician or the bureaucrat. The fruits of centralised economics are corruption, poverty and servility—and in the socialist society the only medicine which may be prescribed is heavier doses of the same socialist poison.
Norman Tebbit
Justice is the end of government. It is the end of civil society. It ever has been, and ever will be, pursued, until it be obtained, or until liberty be lost in the pursuit. In a society, under the forms of which the stronger faction can readily unite and oppress the weaker, anarchy may as truly be said to reign, as in a state of nature where the weaker individual is not secured against the violence of the stronger: And as in the latter state even the stronger individuals are prompted by the uncertainty of their condition, to submit to a government which may protect the weak, as well as themselves: so in the former state, will the more powerful factions be gradually induced by a like motive, to wish for a government which will protect all parties, the weaker as well as the more powerful.
Alexander Hamilton
What is actually happening now is that monoploy capitalism needs the state to disempower ordinary people's institutions and lives. What we are actually developing in modern Europe is a post-democratic society. We are creating an oligarchical elite structure where moneyed elites, the elites of industry cohabit with political elites and they move into each other's regimes and spaces. So we have now produced what I would call a market state, and the market state really just exists for the benefit of those in the top. And there is clear economic and social evidence for this, it is very clear that only those at the very top of society in the developed world have really benefited from the last thirty years.
Phillip Blond
Durkheim points out that only the political state survived the French Revolution as a solitary factor of collectivization. As a result, a genuine social order has disappeared, the state emerging as the only collective organizing activity of the social character. The individual, free from all genuine social bonds, finds himself abandoned, isolated, and demoralized. Society becomes "a disorganized dust of individuals."
Emile Durkheim
Bremmer, Ian
Bremner, Rory
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