Socialism And The Current System Of Capitalism - amazonia.fiocruz.br

Socialism And The Current System Of Capitalism - remarkable

State capitalism is an economic system in which the state undertakes business and commercial economic activity i. By this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production. They also argue that the current economy of China constitutes a form of state capitalism. There are various theories and critiques of state capitalism, some of which existed before the October Revolution. The common themes among them identify that the workers do not meaningfully control the means of production and that capitalist social relations and production for profit still occur within state capitalism, fundamentally retaining the capitalist mode of production. In Socialism: Utopian and Scientific , Friedrich Engels argued that state ownership does not do away with capitalism by itself, but rather would be the final stage of capitalism, consisting of ownership and management of large-scale production and communication by the bourgeois state. Socialism And The Current System Of Capitalism

Socialism And The Current System Of Capitalism Video

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