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.
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.