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State capitalism
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State capitalism is an economic system in which the state undertakes business and commercial economic activity and where the means of production are nationalized as state-owned enterprises. The defini
Friedrich Engels, who argued that state ownership does not do away with capitalism by itself
Friedrich Engels, who argued that state ownership does not do away with capitalism by itself
Mikhail Bakunin, who criticized state socialism as state capitalism, predicting that if the Marxists were successful in seizing power, they would crea
Mikhail Bakunin, who criticized state socialism as state capitalism, predicting that if the Marxists were successful in seizing power, they would create a party dictatorship
Wilhelm Liebknecht, who criticized Otto von Bismarck's State Socialism policy as being "really State capitalism"
Wilhelm Liebknecht, who criticized Otto von Bismarck's State Socialism policy as being "really State capitalism"
Murray Rothbard, who advanced a right-libertarian analysis of state capitalism
Murray Rothbard, who advanced a right-libertarian analysis of state capitalism
Capitalism
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Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in seve
State capitalism
…are found in state capitalism. In Imperialism, the Highest Stage of Capitalism (1916), Lenin claimed that World War I had transformed laissez-faire capitalism into monopolist state capitalism. In Socialism: Utopian and Scientific (1880), Friedrich Engels described state ownership, i.e. state capitalism, as…
Cosimo de' Medici (pictured in a 16th-century portrait by Pontormo) built an international financial empire and was one of the first Medici bankers.
Cosimo de' Medici (pictured in a 16th-century portrait by Pontormo) built an international financial empire and was one of the first Medici bankers.
Augsburg, the centre of early capitalism
Augsburg, the centre of early capitalism
A painting of a French seaport from 1638 at the height of mercantilism
A painting of a French seaport from 1638 at the height of mercantilism
Robert Clive with the Nawabs of Bengal after the Battle of Plassey which began the British rule in Bengal
Robert Clive with the Nawabs of Bengal after the Battle of Plassey which began the British rule in Bengal