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Ingham [...] says there are three main ways the state interacts with "the economy," and, although they are not so easily separated, the distinctions are useful. They are:

  1. State provision/production of social peace;
  2. State maintenance of capitalist social relations (often via "liberal democracy"); and
  3. Direct and indirect state participation in the economy.

on Geoffrey Ingham's book Capitalism

also, Ingham says that the state and the capitalist class are thought of as separate, autonomous spheres precisely because they depended on each other and thus let the other operate independently

—p.56 State Power and the Power of Money (47) by Geoff Mann 9 years, 3 months ago