Question

What if there is no difference between state and capitalism

Answer 1

Explanation:

State capitalism is an economic system where the means of production are privately owned, but the state has considerable control over the allocation of credit and investment, and intervenes in the economy with central planning to protect and advance the interests of big business against the interests of consumers. Alternatively, it may refer to an economic system in which the state undertakes business and commercial economic activity (i.e. for-profit) and where the means of production are organized and managed as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor), or where there is otherwise a dominance of corporatized government agencies (agencies organized along business-management practices) or of public companies such as publicly listed corporations in which the state has controlling shares. As a term, "state capitalism" is often used interchangeably with "state socialism" in reference to the economic systems of Marxist–Leninist states such as the Soviet Union to highlight the role of state planning in these economies. Marxist literature defines state capitalism as a social system combining capitalism with ownership or control by a state. 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. This designation applies regardless of the political aims of the state (even if the state is nominally socialist). Many 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. They also argue that the current economy of China constitutes a form of state capitalism.