TNHarley
Diamond Member
- Sep 27, 2012
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I have always laughed at the concept of "state capitalism"Capitalism, by definition, is lack of govt.
People are completely ignorant if they try to claim tyranny or authoritarianism is capitalism.
The Soviet Union was a capitalist country; state capitalism is capitalism, industrial capitalism is capitalism, and financial capitalism is capitalism. The word 'capitalism' is a general term, not a specific one; there are several categories, and few of the are 'laissez faire' types, in fact almost none of them are. Industrial capitalism has been the more successful historically; it has produced the logistical networks and administrative and accounting methods necessary for large economies to grow and produce. Financial capitalism is parasitic and eventually destroys productivity and generates the most corruption and kills itself off. State capitalism is just a more efficient parasitism created by instability inherent in it's mother, financial capitalism.
That is nothing more than socialism with a capitalist veneer