The bourgeoisie are not a unified monolith. There are sharp contradictions between finance capital and industrial capital. Finance capital’s extreme parasitism, self-destructiveness and tendency toward de-development poses a threat to industrial capital and creates inter-capitalist conflict. So i suppose it would be more accurate to say that finance capital does not control the state in state led economies.
That’s the conclusion that follows from the arguments, but it doesn’t make much sense. State led doesn’t care about the profitability much, they want stuff done in accordance with the goals of the state. The “finance capitalists” of today don’t finance much because not much is profitable today. The finance sector needs the state to prop it up, that’s what neoliberalism does. The capital is concentrated there so the capitalist state props it up. Finance capital is the condition for imperialism and thus has the state that supports it help it by using the military and foreign policy to open markets for export and exploitation. @cfgaussian@lemmygrad.ml what do you think?
I don’t really know which side I fall on exactly, but here’s a debate I was involved in over this about whether that understanding is correct: https://lemmygrad.ml/post/2656976 https://lemmygrad.ml/post/2680725
