X-Nico

2 unusual facts about state capitalism


State capitalism

In his book, The End of the Free Market: Who Wins the War Between States and Corporations, political scientist Ian Bremmer describes China as the primary driver for the rise of state capitalism as a challenge to the free market economies of the developed world, particularly in the aftermath of the 2008 financial crisis.

A relatively recent text by Stephen Resnick and Richard D. Wolff, Class Theory and History, explores what they term state capitalism in the former Soviet Union, continuing a theme that has been debated within Trotskyist theory for most of the past century.


Capitalist mode of production

Supporters of theories of state capitalism such as the International Socialists reject the definition of the capitalist mode of production given above.


see also