Mechanisms of interaction between the state and capitalism: history and modernity (article 2)

The study analyzes the mechanisms of interaction between government institutions and big businesses in the period of organized capitalism as well as modern globalization. In the authors' opinion, even a kind of bourgeois-based state was largely autonomous and performed functions assigned to it by society at the stages of primitive accumulation and organized capitalism. It took place during the large-scale economic crisis that shook the foundations of the capitalist system. In that period, the authorities revised their involvement in economic processes by taking ultimate responsibility for redistribution and by overcoming obvious resistance to business community. At the present stage of global capitalism, the official elites and big businesses still tend to converge or even intermingle and merge. A common environment of politicians and top managers is established on the basis of class and ideological unity. The alliance between big businesses and government institutions is becoming increasingly organic and inseparable, which affects political decisions accordingly. It is of the utmost importance that these processes result in a growing class nature of the modern state. An emerging political and economic hybrid can only be effective in neo-liberalist context.