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'...With skills and powers that most national governments did not
possess in the early twentieth century...capitalism itself has come
to depend on [the modern state]. The old collision between market
and society argued over a genuine version of laissez-faire economics
that has been thoroughly compromised by the subsequent history.
Commerce and finance may wish to disable the social presence
of the state but not to do away with the state that subsidizes,
protects and promotes the interests of capital. This contradiction
will ripen for societies as citizens grasp that government is with-
holding its social protections, but not the commercial kind. The
present struggle seems less about abolishing big government than
about who gets to use it.'


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