Except if you understand what the command economy is then you must understand this:
A state-capitalist country is one where the government controls the economy and essentially acts as a single huge corporation, extracting surplus value from the workforce in order to invest it in further production.[3] This designation applies regardless of the political aims of the state, even if the state is nominally socialist.[4] Some scholars argue that the economy of the Soviet Union and of the Eastern Bloc countries modeled after it, including Maoist China, were state capitalist systems, and Eastern and Western commentators alike assert that the current economies of China and Singapore also constitute a mixture of state-capitalism with private capitalism.[5][6][7][8][9]
I mean, I guess if you’re using a very loose definition of capitalism. Most people assume competition as a core element of capitalism and in a command economy that doesn’t really exist.
But based on the article the issue was the state taking a defensive measure for the glassworks industry, which would be more the state control side than the capitalist side.
Overall though, it does get messy. Every economic system is both many things and evolving. I just wanted to point out this wasn’t an economic system commonly referred to as “capitalism” and highlights that any economic system will have problems.
Well then by that definition capitalism isn’t capitalism because the steady-state of capitalism without massive government interference (state planning) has always been monopoly or coordinating oligopoly, repeatedly shown through history.
But yes, the “idealistic” system of pretty much any economic system won’t ever exist.
Except if you understand what the command economy is then you must understand this:
https://en.wikipedia.org/wiki/State_capitalism
I mean, I guess if you’re using a very loose definition of capitalism. Most people assume competition as a core element of capitalism and in a command economy that doesn’t really exist.
But based on the article the issue was the state taking a defensive measure for the glassworks industry, which would be more the state control side than the capitalist side.
Overall though, it does get messy. Every economic system is both many things and evolving. I just wanted to point out this wasn’t an economic system commonly referred to as “capitalism” and highlights that any economic system will have problems.
Well then by that definition capitalism isn’t capitalism because the steady-state of capitalism without massive government interference (state planning) has always been monopoly or coordinating oligopoly, repeatedly shown through history.
But yes, the “idealistic” system of pretty much any economic system won’t ever exist.