The argument focuses on the corporate state as an increasingly significant political assemblage that has enabled new configurations of power with related social effects. Here the discussion proceeds from Karl Polanyi's thesis in The Great Transformation. A critical idea that Polanyi pursued related to the state production of economism and individualism, which prepared the ground for the expansion of capital in its globalizing form. The essay develops this idea, indicating that the nationalist capitalism of the state led to a radical change in the political and social orders of states, gradually giving rise to the corporate state assemblage. The emphasis here is on the corporate state as a socio-political order that places radically distinct structural dynamics into impossible conjunction, leading to progressively disastrous social effects concerning poverty and the emergence of new configurations in which war and violence take specific shapes.