More languages
More actions
 | This article is a stub. You can help improve this article by editing it. |
This is talking about the common meaning of state capitalism. For Lenin's implementation see the New Economic Policy. For Mao's implementation see New Democracy.
State Capitalism (also known as Planned Capitalism) is a capitalist mode of production which the majority of the means of production is controlled by the state under a bourgeois dictatorship. State capitalist nations also typically utilise a planned economy, however this planned economy is directed towards the benefit of the bourgeoisie and not suiting the needs of the proletariat. Examples of a state capitalist economy include Nazi Germany, The Republic of Korea before Market Reforms, and Singapore.