What they say on the tin. The state as (allegedly) hands off, and only “setting the market conditions” – US, UK, Australia etc.
There is, according to Fred Block, a “Hidden Developmental State” that has been busy supporting the basic research that corporations no longer do… (i.e. they free-ride of the public tit while proclaiming the virtues of “The Market”)
Swimming Against the Current: The Rise of a Hidden Developmental State in the United States
Reading: Harrison and Mikler, Climate Innovation
see also Varieties of Capitalism, Co-ordinated Market Economies