That British and other states are becoming increasingly privatised is the sad litany of our age. So too is the way states incorporate market principles of price and competition within their own internal governance structures. And now, with companies running public services, owning public assets, and providing a model for how state bodies should interact, the state itself is being re-imagined: as a public corporation – formally accountable, at in/decent intervals, to its share-holders (the electorate); substantively accountable to its stake-holders (that changing array of sectoral interests).
The corporate state
It is not difficult to develop this corporatist line of thinking.
- Repeatedly, we are told states compete with each other, in a marketplace of states, for investors, customers and clients, that’s why levels of corporation and income tax for high earners must stay low; regulations to protect workers and users minimised or else standardised (to manage competitive advantage).