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What is state capitalism? Is it needed to reach socialism? (lemmygrad.ml)

submitted 6 days ago by [email protected] to c/[email protected]

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I have often heard the term "state capitalism" being used by Western academics to refer to AES states like China or Vietnam. Lenin also uses the term a lot in The Tax in Kind and distinguishes it from true socialism.

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[–] [email protected] 8 points 6 days ago* (last edited 6 days ago)

Yep. I don't like it either. It is one of the worst misnomers in all of Marxist theory, because actually it's not a form of capitalism but a form of socialism. But the fact that it has "capitalism" in the name causes so much unnecessary confusion.