It is true that, for example, the biggest Dutch corporations (such as Royal 
Dutch Shell) employ more people and capital outside Holland than inside it, and 
that they don’t exhibit a special loyalty towards Holland other than still 
having their HQ here (partly for tax reasons). But actually the vast majority 
of big multinationals are nationally based and primarily nationally owned. 

Yes, of course, the concept of “state” is different from the concept of 
“nation”. But big business is not indifferent to nations at all, and requires 
the support of states to operate. The state is both a cost (taxes) and a market 
(government contracts), and so they try to reduce their costs and capture more 
of the government market. In the end the corporation is owned by real people 
who live in some real country and have a certain loyalty to where they live.

In the supremely abstract world of Marxist doctrine, as we know, anything can 
mean anything at a certain “level of abstraction” (a la Jerry Levy), but I 
think that does not lead to good analysis worthy of Marx. Analysis means you 
take something concrete, identify its components, and show how they are related 
to each other and fit together.

J.
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