Capitalism can and does exist outside of capitalist states (China being an example of this)…this is obviously a matter of differing definitions. That’s OK, but I’d suggest some links to formal definitions. Perhaps there’s a wiki somewhere?
edit: I think nazi germany’s economy fits the term command capitalism better than state capitalism.
You’re fundamentally treating capitalism differently from socialism, which is your error. Socialism isn’t when the government does stuff, just like capitalism isn’t when private property. As for definitions, here’s Prolewiki on State Capitalism and on Socialist Market Economy.
I don’t care much for the opinions of liberals on what they think constitutes socialism or capitalism, which is what you mean by “traditional.” There’s no reason to take liberal words any more seriously than socialists, especially on socialism.
The term “state capitalism” has existed for a long time (originally by one of Karl Marx’s buddies, I think I read), and is used by economists the world over.
Trying to rewrite its definition without acknowledging its well established existing meaning is disingenous and dishonest (on the part of whoever started it or refuses to acknowledge the oversight).
It’s perfectly fine to say “I/we prefer term X because …” though.
Capitalism can and does exist outside of capitalist states (China being an example of this)…this is obviously a matter of differing definitions. That’s OK, but I’d suggest some links to formal definitions. Perhaps there’s a wiki somewhere?
edit: I think nazi germany’s economy fits the term command capitalism better than state capitalism.
You’re fundamentally treating capitalism differently from socialism, which is your error. Socialism isn’t when the government does stuff, just like capitalism isn’t when private property. As for definitions, here’s Prolewiki on State Capitalism and on Socialist Market Economy.
https://www.britannica.com/topic/state-capitalism is the traditional definition, which I think fits pretty well.
I don’t care much for the opinions of liberals on what they think constitutes socialism or capitalism, which is what you mean by “traditional.” There’s no reason to take liberal words any more seriously than socialists, especially on socialism.
Don’t be rude, Cowbee.
The term “state capitalism” has existed for a long time (originally by one of Karl Marx’s buddies, I think I read), and is used by economists the world over.
Trying to rewrite its definition without acknowledging its well established existing meaning is disingenous and dishonest (on the part of whoever started it or refuses to acknowledge the oversight).
It’s perfectly fine to say “I/we prefer term X because …” though.