I know Lenin used the term state capitalism before, but I hate the term personally, I think the waters have been so muddied on what it means and people have different meanings of the word, but to me I’d rather say that China is in the early stages of socialism which utilizes a mixed economy headed by a government that ultimately fights for the working class interests and stability above all else
Entire economic systems aren’t necessarily thing you can fit into a neat little box. Especially if you’re a lib who’s definitions of leftist economies are “governments that do more stuff” and their definition of liberal economies are “governments that do less stuff”. As a Marxist, you should be asking yourself who controls the state, who wields the most economic power and influence, who uses that influence and for what purpose do they use it. If you can accurately answer those questions you can more easily describe the economic system. In most cases, the answers aren’t always cut and dry.
I know Lenin used the term state capitalism before, but I hate the term personally, I think the waters have been so muddied on what it means and people have different meanings of the word, but to me I’d rather say that China is in the early stages of socialism which utilizes a mixed economy headed by a government that ultimately fights for the working class interests and stability above all else
Entire economic systems aren’t necessarily thing you can fit into a neat little box. Especially if you’re a lib who’s definitions of leftist economies are “governments that do more stuff” and their definition of liberal economies are “governments that do less stuff”. As a Marxist, you should be asking yourself who controls the state, who wields the most economic power and influence, who uses that influence and for what purpose do they use it. If you can accurately answer those questions you can more easily describe the economic system. In most cases, the answers aren’t always cut and dry.