The contradictory goals of state capital accumulation and redistribution eventually led to the demise of corporatism in Venezuela and probably in much of Latin America. When the Venezuelan state was at its zenith of intervention in the economy, it globalized accumulation via foreign debt. Rather than emphasize accumulation and redistribution as it had during the 1960s and 1970s, accumulation to service the debt became the state's central goal by the 1980s. Declining oil prices by the early 1980s highlighted the weakness of a state caught in the grips of antithetical demands from labor and an increasingly impoverished population, on the one hand, and private capital demanding debt repayment, on the other hand. By definition, corporatism creates a dependency between the state and organized labor. Historically, labor depended on the state for economic subsidies, and the state relied on labor to maintain legitimacy. By the late 1990s, lack of labor autonomy literally dragged labor down with a state drowning in debt and incapacitated by lack of legitimacy. While corporatism is more a relic of things past, the positive implications of increasing labor autonomy are dismal as organized labor has been disarticulated and the democratic state is all but a skeleton.