the state
by Ian Murray
28 March 2002 18:11 

They say, in so many words, what you wrote:

 More and more, I think of state bureaucrats and politicians under
> > capitalism
> > > as a fraction of capital, similar to banking capital.

Ian

^^^^^^^

CB: Sounds like the latest development in the following process:


"Each step in the development of the bourgeoisie was accompanied by a corresponding 
political advance in that class. An oppressed class under the sway of the feudal 
nobility, an armed and self-governing association of medieval commune [4]: here 
independent urban republic (as in Italy and Germany); there taxable "third estate" of 
the monarchy (as in France); afterward, in the period of manufacturing proper, serving 
either the semi-feudal or the absolute monarchy as a counterpoise against the 
nobility, and, in fact, cornerstone of the great monarchies in general -- the 
bourgeoisie has at last, since the establishment of Modern Industry and of the world 
market, conquered for itself, in the modern representative state, exclusive political 
sway. The executive of the modern state is but a committee for managing the common 
affairs of the whole bourgeoisie"

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