by
Geoff Mann
[...] relative autonomy allows the state to protect capitalism when capitalists themselves threaten to tear it apart. The state is the ideal institution to protect capitalism from the capitalists, who, when they each act on their own, tend to cause more than minor bumps in the market-mediated road. The state can legitimately coordinate and regulate their actions, and keep information on their actions in ways that the capitalists might hate, but that nonetheless are often the only reason the system works at all.