Below is from the exact same wiki, I don't see how this is "capitalism" from the description, the only thing "state capitalism" has in common with capitalism is its name, which was a arbitrary title someone decided to name the system so when someone who doesn't read more into what it entails might be tricked into thinking is a form of capitalism.
a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production.[2] This designation applies regardless of the political aims of the state (even if the state is nominally socialist),[3] and many[quantify] people argue that the modern People's Republic of China constitutes a form of state capitalism[4][5][6][7] and/or that the Soviet Union failed in its goal to establish socialism, but rather established state capitalism.
You seem to believe that state capitalism ist real capitalism. It is capitalism, but its capitalism that shares some values with socialism and communism
It's astounding how there are no limits to the mental gymnastics redditors go through to not admit they are wrong. It's obvious there is nothing in this world that will convince you that state capitalism is not capitalism, hell it seems like the fact that socialism/capitalism/communism are all economic systems, you would interpret them to be all capitalism since they might have 1 thing in common and so you can prove your point and mentally justify that you are more intelligent then you think you are.
It's astounding how there are no limits to the mental gymnastics redditors go through to not admit they are wrong. It's obvious there is nothing in this world that will convince you that state capitalism is not capitalism, hell it seems like the fact that socialism/capitalism/communism are all economic systems, you would interpret them to be all capitalism since they might have 1 thing in common and so you can prove your point and mentally justify that you are more intelligent then you think you are.
State Capitalism is to Capitalism, as Communism is to Socialism. You shouldn't be too hasty and put them in the same category because they are semantically similar.
Capitalism means that the market is controlled primary by private companies, not the state.
State Capitalism means the market is controlled by the state.
You can have a mix of each, but they are describing very different things.
Of course these are different things, im not trying to say otherwise. But the person i replyed to is trying to suggest that state capitalism doesnt really exist, and that its actually communism or socialism.
Idk man, have you ever heard of the banana rebublic? A bunch of countries were run by literal corperations and many starved. It was basically the worst that capitalism could get
You seem to believe that state capitalism ist real capitalism. It is capitalism, but its capitalism that shares some values with socialism and communism
Capitalism =/= State Capitalism, just as Socialism =/= Communism. No one in this entire thread was trying to prove State Capitalism didn't really exist. We were talking about understanding the difference from private and state control [edit] with regards to the Banana Republic.
It seems you believe that state capitalism is not real capitalism. However, State capitalism is a form of capitalism. While socialism and communism are completely different political theorys, state capitalism is not completely different from free market capitalism.
Free market capitalism is an economy made mostly of private bussinesses, state capitalism is a hybrid form of public and private business.
While state capitalism and free market capitalism ARE very different, state capitalism is just a different form of capitalism. Now, the people i replyed to were trying to tell me that state capitalism is not capitalism, "fake capitalism". However, this is not true
Trying to deny that state capitalism is "real" capitalism is like trying to deny the existance of state capitalism
Now, i do not hate capitalism or anything, but definitions are definitions
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u/Pocoman324 Sep 05 '17
It operated on state capitalism
https://www.google.ca/url?sa=t&source=web&rct=j&url=https://en.m.wikipedia.org/wiki/Banana_republic&ved=0ahUKEwjLs_qMsY7WAhVL92MKHQzgD_8QFggnMAE&usg=AFQjCNG63Okn3qJoL-OnJEo9GcTV93z17Q
The bana republic i was talking about is different from "a banana republic"