Fancy Forms of Paperwork and the Logic of Financial Violence

[Montmorency]

Why do you think the state is the stable equilibrium phase? Please elaborate, I'm not sure that I understand what you're getting at.

Without state organization, large populations must disperse. If they grow too much again, they will again disperse. In an area with growing population density and nowhere to disperse easily, state organization must emerge or be adopted, or the population will die off, possibly causing a ripple through other populations. Who would tend to adopt state structures to defend themselves. Everything tends toward state production and reproduction above the family or smallhold level.

[HopAlongBunny]

It can be questioned whether the state and business were ever separate.
Government has to set the rules ie: where the law is silent, everything is permitted; so law as a check on behavior and as enabler:

http://definitions.uslegal.com/c/carriers-case%20/

The subject matter may have changed. The exchange of goods seems pretty straight forward (at least given acceptance of the assumptions made under law), but what about the exchange of paper, the terms of which are rarely understood by the parties, let alone the legislators. So the "...making state power an intrinsic element of the extraction of profit"... may not be the issue, rather the relationship between the state and profit extraction; does the gov't represent the business or the electors? and if both, to what degree each?

[Montmorency]

It can be questioned whether the state and business were ever separate.

As I touched upon in an unrelated thread, money of account has existed for a long time - before coin, before Hammurabi.