state capitalism is egregiously misunderstood on the left and in my opinion seems to actually have multiple meanings
1. bourgeois state with heavy influence in industry and markets eg 'post war consensus' war economy and maybe fascism
2. nominally socialist state ie not liberal in state formation but rampantly capitalist in practice. (china)
3 Socialist state allowing private ownership and markets due to expediency (NEP russia)
4. a confused theoretical critique of the USSR which, as an user alluded to above, is a refusal to engage with its failures.
my main rebuttals with it as a theory.
1. no market for wage labour, value was not extracted only use values were produced
2. prices were an accounting mechanism and did not reflect changes in value
2. capital was not a commodity, investment was not directed by rate of profit
3. following on from 2 no economic crashes
4 property was not alienable, bureaucrats could only command increased use values not value itself.and this muh privilege was only gained by partaking in the management of socialised MoP
marxists.org
ernestmandel.org
best works on it imo
