But who is creating the regulation?

The answer to that is funny. It is literally the state, which is to my point, but it is also shaped by the banks, which is to your point.

> But who is creating the regulation?

You know who writes our laws? Lobbyists. Politicians are not the ones drafting the bill. They merely take the drafts produced by lobbyists and then pass them.

Do you also know who runs various government agencies tasked with regulating different sectors? Again, it is a revolving door for private sector execs.

> It is literally the state

True, but the state is, to a large extent, influenced by corporations.

Or there is a new term that subsumes them both: the "regime." And with this small substitution, and a slight modification to the source material we see that the "absorption" may already be complete.

When corporations write the laws that regulate them, and they buy the politicians who will enact those laws, the line around what defines "the state" is a bit fuzzy. (And that's not speculative, it happens all the time.)

A corporation and a monarchy aren't all that different. I dunno why people think the idea of a corporation being the state is so wild.

Ever heard the term "CorpoNation"?

I did, in a old RTS game called Metal Fatigue. Was pretty fun for a while.

Obviously either ComStar or the Spacing Guild. But don't worry that doesn't happen until after we have a butlerian jihad.