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In this episode of Anti-Capitalist Chronicles, Prof. Harvey explores the relationship between markets and the state. Drawing on examples such as Britain in the 1970s, France in 1981 under Mitterrand, and Bill Clinton in the 1990s, Harvey argues that, under capitalism, the state is not sovereign and democracy cannot be fully realized, and what you instead have is the eroding of each. As many countries, including the US, move closer to authoritarian democracies, we must first confront this fusion of capital and state and then explore what the socialist response can be.