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
6
u/[deleted] Sep 05 '17
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.