State capture has fatally weakened the state, reduced business and investor confidence, caused policy uncertainty and undermined state legitimacy. However, these damaging consequences are symptoms of the contradictions and structural weaknesses in our political economy. Dismantling state capture will not necessarily address these issues but will create the conditions under which they can be tackled and fundamental change effected. Modern industrialised economies require robust engagement between the state and private sector on interests and policy perspectives. It would be naïve to assume all engagements between business and the government take place through collective, public processes: there are specific issues that affect small groups or individual businesses, which bring benefits to some and costs to others. In other words, there are always winners and losers. Here, however, a line must be drawn between legitimate and national interest representation of interests, and the abuse ...

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