Capitalist state: Difference between revisions

The primary functions of the capitalist state are to provide a legal framework and infrastructural framework conducive to [[business]] enterprise and the [[accumulation of capital]]. Different normative theories exist on the necessary and appropriate function of the state in a [[capitalist economy]], with proponents of ''[[laissez-faire]]'' favoring a state limited to the provision of [[Public good (economics)|public good]]s and safeguarding private property rights while proponents of [[Economic interventionism|interventionism]] stress the importance of regulation, intervention and macroeconomic stabilization for providing a favorable environment for the accumulation of capital and business.<ref>{{cite book|title=Comparative Economic Transformations: Mainland China, Hungary, the Soviet Union, and Taiwan|author1-link=Wu Yu-shan|author=Yu-Shan Wu|year=1995|publisher=Stanford University Press|pages=8|quote=In laissez-faire capitalism, the state restricts itself to providing public goods and services that the economy cannot generate by itself and to safeguarding private ownership and the smooth operation of the self-regulating market.}}</ref>

 

 

According to [[Dylan John Riley]], [[Nicos Poulantzas]] argued that "all capitalist States had the dual task of preventing the political organization of the dominated classes, and of organizing the [[Ruling class|dominant class]]".{{Sfn|Poulantzas|2019|loc=Foreword}}