State Capitalism: Difference between revisions

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===[[File:Cball-Belarus.png]] Belarus [[File:Lukash.png]]===
===[[File:Cball-Belarus.png]] Belarus [[File:Lukash.png]]===
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===[[File:WEF.png]] Stakeholder Capitalism [[File:Cball-UN.png]]===
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Revision as of 19:06, 25 November 2022

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Not to be confused with Capitalist Communism and Dengism.


State Capitalism (StateCap) is an economic system in which the state takes an active role in commercial activity through; either through the use of state-owned or state-managed for-profit enterprises, or acting as a guiding hand in markets. State capitalism can be partial or full, the latter of which is called state monopoly capitalism (StateMoCap). State capitalism has been classified as both economically right-wing (as the means of production don't belong to the working class) and left-wing (as it is collectivist in nature), and therefore in practice is often considered economically centrist.

History

State Capitalism is not a formal ideology with unifying theory, nor was it used in a self descriptive term. State Capitalism is believed by some to have first been used and coined, by Friedrich Engels, in his and Marx's book "Socialism: Utopic and Scientific". It was later on also used by many Anarchists, Left Communists, and Council Communists, in criticism of the USSR.

Modern use of the term usually refers to the economic system adopted by the "Four Asian Tigers" and Japan in the second half of the 20th century, where it was successful in rapidly industrialising and modernising those economies.

Imperial Japan

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United States

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South Korea

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ROC/Taiwan

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China

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Singapore

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Belarus

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Stakeholder Capitalism

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Beliefs

State Capitalism can take on many forms, both theoretical and material, as it did historically.

  • Industries being ran as private enterprises with the State being the primary or sole shareholder.
  • State direction or control of investment, either indirectly (e.g., contracts) or directly (like sovereign wealth funds).
  • "Privatization" of the State so it operates as a single, for-profit economic monopoly.
  • Implementing decentral or central planning while maintaining private resource ownership and markets.
  • A strong, for-profit public sector co-exists and/or competes with the private sector.
  • Any combination of these.

How to Draw

Flag of State Capitalism

The symbol of State Capitalism comes from a post on the r/vexillology subreddit by SekaiDarkness called "Flag of State Capitalism/Corporatism", the flag is supposed to symbolise an in between of capitalism and communism.

  1. Draw a ball and color the inside burnt orange or drab red.
  2. Draw a yellow left-facing cent symbol (¢) and a yellow arrow crossed through it.
  3. Draw the eyes.

You're done!

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