2 ms·
This is incorrect. You can have state capitalism as well as non-state non-capitalism (worker-owned cooperatives are a common example of private non-capitalism).
by kqr 5y ago
This is incorrect. You can have state capitalism as well as non-state non-capitalism (worker-owned cooperatives are a common example of private non-capitalism).
As the person you're responding to said, capitalism is the philosophy that concentration of capital should be rewarded. It's that simple.
Whether the state or private magnates concentrate the capital and get rewarded for it is irrelevant.