Open Marxism 4 2019
DOI: 10.2307/j.ctvs09qng.12
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The State and Global Capital:

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“…This leads Holloway and Picciotto (1991: 97) to the conclusion that the state is not only a form of capital but also a manifestation of it and therefore embodies the struggle between capital and labour, meaning it 'plays a vital part in the maintenance and reproduction of capital as a relation of class domination'. This means that the state as a manifestation of capital, and particularly in a global capitalist system, is both subject to the logic of capital accumulation and plays an important role in its reproduction (Pascual & Ghiotto 2020). However, this also means the state's actions are not predetermined in any functionalist sense.…”
Section: The Tisc Clause As Ethical Capitalismmentioning
confidence: 99%
“…This leads Holloway and Picciotto (1991: 97) to the conclusion that the state is not only a form of capital but also a manifestation of it and therefore embodies the struggle between capital and labour, meaning it 'plays a vital part in the maintenance and reproduction of capital as a relation of class domination'. This means that the state as a manifestation of capital, and particularly in a global capitalist system, is both subject to the logic of capital accumulation and plays an important role in its reproduction (Pascual & Ghiotto 2020). However, this also means the state's actions are not predetermined in any functionalist sense.…”
Section: The Tisc Clause As Ethical Capitalismmentioning
confidence: 99%