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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).
Democratic socialism is a broad political movement that seeks to propagate the ideals of socialism within the context of a democratic system, as was done by Western social democrats, who popularized democratic socialism as a label to criticize the perceived authoritarian or non-democratic socialist development in the East, during the 19th and ...
This National Socialism was opposed to capitalism due to the components that were against "the national interest" of Germany, but insisted that National Socialism would strive for greater efficiency in the economy. [133]
"The Arab Republic of Egypt is a Socialist Democratic State based on the alliance of the working forces of the people." The 2007 Amendments removed the mentioned of Egypt as a socialist state from Article One. [78] [79] [80] Socialism was still mentioned in the preamble and other sections, but fully removed following the 2011 revolution. [81 ...
Bakunin predicted that Marx's theory of the transition from capitalism to socialism involving the working class seizing state power in a dictatorship of the proletariat would eventually lead to a usurpation of power by the state apparatus acting in its self-interest, ushering in a new form of capitalism rather than establishing socialism. [25]
Socialism – range of economic and social systems characterised by social ownership of the means of production and workers' self-management [10] as well as the political theories and movements associated with them.
Capitalism 1.0 during the 19th century entailed largely unregulated markets with a minimal role for the state (aside from national defense, and protecting property rights); Capitalism 2.0 during the post-World War II years entailed Keynesianism, a substantial role for the state in regulating markets, and strong welfare states;
Of the 74 states listed here, 19 of them are republics ruled by a socialist, communist or anti-capitalist party, 5 of them are official socialist states ruled by a communist party; 4 of which espouse Marxism–Leninism (China, Cuba, Laos, and Vietnam) while the 5th (North Korea) espouses Juche.