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State capitalism is an economic system in which the state undertakes business and commercial (i.e., for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor).
The Development of Capitalism in Russia (Russian: Развитие капитализма в России, romanized: Razvitiye kapitalizma v Rossiy) was an early economic work by Vladimir Lenin written whilst he was in exile in Siberia. It was published in 1899 under the pseudonym of "Vladimir Ilyin". [1]
Russia is also a leading producer and exporter of minerals and gold. Russia is the largest diamond-producing nation in the world, estimated to produce over 33 million carats in 2013, or 25% of global output valued at over $3.4 billion, with state-owned ALROSA accounting for approximately 95% of all Russian production. [235]
The Russian government believed that the open sale of state-owned assets, as opposed to the voucher program, would have likely resulted in the further concentration of ownership among the Russian mafia and the nomenklatura, which they sought to avoid. Nevertheless, contrary to the government's expectations, insiders managed to acquire control ...
Russia, [b] or the Russian Federation, [c] is a country spanning Eastern Europe and North Asia. It is the largest country in the world by land area, and extends across eleven time zones; sharing land borders with fourteen countries. [d] Russia is the most populous country in Europe and the ninth-most populous country in the world.
The State and Revolution is considered to be Lenin's most important work on the state and has been called by Lucio Colletti "Lenin's greatest contribution to political theory". [2] According to the Marxologist David McLellan , "the book had its origin in Lenin's argument with Bukharin in the summer of 1916 over the existence of the state after ...
State capitalism is a capitalist market economy dominated by state-owned enterprises, where the state enterprises are organized as commercial, profit-seeking businesses. The designation has been used broadly throughout the 20th century to designate a number of different economic forms, ranging from state-ownership in market economies to the ...
According to Lenin, imperialism was a specific stage of development of capitalism; a stage he referred to as state monopoly capitalism. [26] The Marxist movement was split on how to solve capitalism's resurgence and revitalisation after the great depression of the late-19th century. [27]