14 Facts About State capitalism

State capitalism is used by various authors in reference to a private capitalist economy controlled by a state, i e a private economy that is subject to economic planning and interventionism.

State capitalism has come to be used to describe a system where the state intervenes in the economy to protect and advance the interests of large-scale businesses.

State capitalism argued that the tools for ending capitalism are found in state capitalism.

In spring 1918, during a brief period of economic liberalism prior to the introduction of war communism and again during the New Economic Policy of 1921, Lenin justified the introduction of state capitalism controlled politically by the dictatorship of the proletariat to further central control and develop the productive forces, making the following point:.

State capitalism would be a step forward as compared with the present state of affairs in our Soviet Republic.

Related searches

Leon Trotsky stated that the term state capitalism "originally arose to designate the phenomena which arise when a bourgeois state takes direct charge of the means of transport or of industrial enterprises" and is therefore a "partial negation" of capitalism.

Ante Ciliga, a member of the Left Opposition imprisoned at Verkhne-Uralsk in the 1930s, described the evolution of many within the Left Opposition to a theory of state capitalism influenced by Gavril Myasnikov's Workers Group and other left communist factions.

Term state capitalism is not used by classical liberals to describe the public ownership of the means of production.

Mussolini denounced superState capitalism for causing the "standardization of humankind" and for causing excessive consumption.

An alternate definition is that state capitalism is a close relationship between the government and private capitalism such as one in which the private capitalists produce for a guaranteed market.

State capitalism is practised by a variety of Western countries with respect to certain strategic resources important for national security.

Theory of state monopoly capitalism was initially a neo-Stalinist doctrine popularised after World War II.

State monopoly capitalist theory aims to define the final historical stage of capitalism following monopoly capitalism, consistent with Lenin's definition of the characteristics of imperialism in his short pamphlet of the same name.

State capitalism is distinguished from capitalist mixed economies where the state intervenes in markets to correct market failures or to establish social regulation or social welfare provisions in the following way: the state operates businesses for the purpose of accumulating capital and directing investment in the framework of either a free market or a mixed-market economy.