You might want to check out Michael Hudson's books on the collapse of antiquity;
One of the points he focuses on, is the tension between the state and the oligarchs, that plays out throughout the history of civilization.
That debt jubilees were devised as a circuit breaker to the feedback loop of compound interest, as free landholders made more effective soldiers, than half starved debt serfs, when the neighboring tribes sensed weakness.
That Jesus' original proclamation was "Forgive them their debts." not, "Forgive them their sins."
It should be noted the Russia and China have effectively gone back to essentially private government, with Putin and Xi as effective CEO's, specifically to control the depredations of their oligarchs. Which seems to be why our oligarchs and their political patsies find them so objectionable.
Consider that Charles 3 is legal head of the British State, basically as a fig leaf to the City of London actually owning and running everything.
Also note that they have gone from being Ruler of the Seas, to not being able to build a functioning aircraft carrier.
So the same basic dynamic, of the wealthy sucking the state dry, as 3500 years ago.
As my father would put it, "You can't starve a profit."
