ABSTRACT
Financial services, pharmaceutical and aerospace companies have been widely considered as examples of Schumpeterian entrepreneurialism. Their relationship with the state runs continuously through the period since 1970. Paradoxically, in the two societies (the USA and Britain) most closely identified with the adoption of a neoliberal free market ethos (especially since the early 1980s), state support for these industries has deepened and assumed several new dimensions over the course of the long depression – from infrastructure development to invention, and from manufacture to market-making.
