Have nation-states been transformed into market states?

Yes, nation-states have increasingly been transformed into market states, where economic considerations and market forces play a dominant role in shaping policies and governance. This shift is characterized by the prioritization of globalization, free trade, and deregulation, often at the expense of traditional state functions and social welfare. As a result, governments may prioritize attracting investment and fostering economic growth over maintaining strict national sovereignty or social equity. However, the extent of this transformation varies across different countries and regions.