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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 Lenin written whilst he was in exile in Siberia. It was published in 1899 under the pseudonym of "Vladimir Ilyin". [1]
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 ...
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 ...
The Development of Capitalism in Russia (1899) What Is to Be Done? (1902) Materialism and Empirio-criticism (1909) Imperialism, the Highest Stage of Capitalism (1917) The State and Revolution (1917) The Proletarian Revolution and the Renegade Kautsky (1918) "Left-Wing" Communism: An Infantile Disorder (1920) Foundations of Leninism (1924)
He believed it was capitalism, but justified it by insisting that it was a different type of capitalism, "state capitalism", the last stage of capitalism before socialism evolved. [17] While Stalin seemed receptive towards Lenin's shift in policy towards a state capitalist system, he stated in the Twelfth Party Congress in April 1923 that it ...
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 ...
Such systems are described as state capitalism because the state engages in capital accumulation, primarily as part of the primitive accumulation of capital (see also the Soviet theory of primitive socialist accumulation). The difference is that the state acts as a public entity and engages in this activity to achieve socialism by re-investing ...