The second consequence is one for the capitalists. States that are delegitimated find it far more difficult to perform their function of guaranteeing the quasi-monopolies that capitalists need, not to speak of their ability to tame the ‘dangerous classes’. Thus, at the very moment that capitalists are faced with three structural squeezes on the global rates of profit, and hence on their ability to accumulate capital, they find that the states are less able than before to help them resolve these dilemmas.