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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).
While the emergence of the Soviet Union as the world's first nominally communist state led to communism's widespread association with the Soviet economic model and Marxism–Leninism, [46] [47] [48] some economists and intellectuals argued that in practice the model functioned as a form of state capitalism, [49] [50] [51] or a non-planned ...
The communist state is the dictatorship of the proletariat, where the advanced elements of the proletariat are the ruling class. [31] In Marxist–Leninist thinking, the socialist state is the last repressive state since the next stage of development is that of pure communism, a classless and stateless society. [31]
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 December 2024. Type of society and economic system This article is about the hypothetical stage of socioeconomic development. For the economic systems of the former Soviet and Eastern Bloc Communist states, see Soviet-type economic planning. For communistic society, see Intentional community. Part of a ...
The American Marxist Raya Dunayevskaya also dismissed it as a type of state capitalism [98] because state ownership of the means of production is a form of state capitalism; [99] the dictatorship of the proletariat is a form of democracy and single-party rule is undemocratic; [100] and Marxism–Leninism is neither Marxism nor Leninism, but ...
State capitalism, Bremmer explains, is a system in which governments use markets to create wealth and advance their political interests. In China, Russia and Saudi Arabia the state controls key ...
This leads some economists to categorize, for example, the Soviet Union's economy as state capitalism based on the analysis that the working class was exploited by the party leadership. Instead of looking at nominal ownership, this perspective takes into account the organizational form within economic enterprises.