this post was submitted on 15 Mar 2025
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Its a question without an answer. State capitalism isnt really a thing. Or i should say all capitalism is state capitalism? Capitalism is literally backed by capitalist states and neoliberalism as an ideology is based around using the state to increase profits for companies lol. If anything is state capitalism its neoliberalism.
I'm no expert on Libya but I'd say he was probably a social democrat anti-colonialist. As far as i know he pursued your typical social democrat reforms and programs while nationalizing natural resources that had previously been held by colonial powers? Altho pls correct me if my memory is wrong on that. I wouldnt say he was nationalizing out of some desire for collective ownership just out of a desire to get it away from imperialists.
State Capitalism as a term is just used as another bs way for western "leftists" to criticize every AES state they can. If Socialism succeeds suddenly its state capitalism.
I think so yeah. I've heard stuff like the US called a "dictatorship of capital" as opposed to a socialist state being a "dictatorship of the proletariat". In that sense, I think "state capitalism" makes way more sense as a label for a dictatorship of capital than otherwise.
I think a lot of the confusion on this comes from the conflation of commerce and capitalism. Capitalism is taught to westerners as just being commerce basically. supply and demand etc. Thats not what capitalism is. Capitalism is the ownership of capital by capitalists. When private entities corps, individuals, etc, can "own" lands, means of productions, natural resources, etc. Commerce is the exchange of goods and services between 2 people or groups of people. Usually by some sort of monetary medium of exchange. Theyre very different things.
Its also used to go after transitionairy governments. China for example, if westerners would actually read what the CPC puts out, makes no claims of being fully socialist yet. They actively talk about their transition, and long term plans. They allow capital accumulation in certain areas, while restricting it in others. I forget the exact term they use but they have tiers of goods and services. Food for example would be an essential service and kept under strict control to avoid profiteering and keep prices manageable. While a luxury item is less regulated in this way as its not considered an essential service. Some industries are fully state controlled and run and others are allowed to be private. some are a mix. Even private companies have party members inside them to make sure everything is above board tho.
So then western anarchists or liberals will come in and say China is state capitalist because, Huawei, BYD, etc exist, or because the government engages in commerce, or whatever. Its nonsense.