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State socialism can be used to classify any variety of socialist philosophies that advocates the ownership of the means of production by the state apparatus, either as a transitional stage between capitalism and socialism, or as an end-goal in itself. Typically, it refers to a form of technocratic management, whereby technical specialists ...
The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the government — owns and controls the society’s assets, firms and ...
He also argued that a market economy provided a substitute for government control of the economy, which reduces the risks of tyranny and authoritarianism. [89] In his book The Road to Serfdom (1944), Friedrich Hayek (1899–1992) asserted that the free-market understanding of economic freedom as present in capitalism is a requisite of political ...
The Marxist view of socialism served as a point of reference during the socialist calculation debate. Marx himself did not use the term socialism to refer to this development. Instead, Marx called it a communist society that has not yet reached its higher-stage. [8] The term socialism was popularized during the Russian Revolution by Vladimir ...
In an article titled "Why Gen Z is Turning to Socialism," Vice made an observation about why Democratic Socialist Bernie Sanders was so successful in unifying so many Gen Zers across so many...
The Spanish individualist anarchist Miguel Giménez Igualada thought that "capitalism is an effect of government; the disappearance of government means capitalism falls from its pedestal vertiginously...That which we call capitalism is not something else but a product of the State, within which the only thing that is being pushed forward is ...
Democratic socialism is also distinguished from Third Way social democracy [20] [nb 1] because democratic socialists are committed to the systemic transformation of the economy from capitalism to socialism, [nb 2] while social democrats use capitalism to create a strong welfare state, leaving many businesses under private ownership. [26]
An alternate definition is that state capitalism is a close relationship between the government and private capitalism such as one in which the private capitalists produce for a guaranteed market. An example of this would be the military–industrial complex in which autonomous entrepreneurial firms produce for lucrative government contracts ...