I have often heard the term “state capitalism” being used by Western academics to refer to AES states like China or Vietnam. Lenin also uses the term a lot in The Tax in Kind and distinguishes it from true socialism.
I have often heard the term “state capitalism” being used by Western academics to refer to AES states like China or Vietnam. Lenin also uses the term a lot in The Tax in Kind and distinguishes it from true socialism.
Yep. I don’t like it either. It is one of the worst misnomers in all of Marxist theory, because actually it’s not a form of capitalism but a form of socialism. But the fact that it has “capitalism” in the name causes so much unnecessary confusion.