The current American debate about the relationship between business and government represents the most significant reopening of that issue since the New Deal. The debate is in part about government's role in the economy, but the issue of business's role in politics is being joined as well, joined in fact on several fronts. There are, of course, the polemics of corporations and their critics, in which business is cast alternately as victim and villain. The issue also divides more serious students of American politics and has fostered a wealth of theorizing about the role of the state. Finally, the issue of business influence pervades discussions about campaign finance.