• SuperNovaCouchGuy2 [any]@hexbear.net
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    1 year ago

    State capitalism is when you execute billionaires and enact compulsory planning for key parts of the nation’s development such as health and infrastructure.

    • CatholicSocialist@lemmy.ml
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      1 year ago

      No but state capitalism is when the majority of billionaires are allowed to exist in the first place dumbass. Tight regulations don’t make you socialist. And putting money into health and infrastructure is possible under capitalism LMFAO

      • SuperNovaCouchGuy2 [any]@hexbear.net
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        1 year ago

        majority of billionaires are allowed to exist in the first place dumbass

        Socialism is a transitory stage between capitalism and communism where there is ongoing class warfare between the bourgeoisie and the proletariat my dude. In China, the state is on the side of the proletariat, not the bourgeois.

        And putting money into health and infrastructure is possible under capitalism

        And yet China is the only major power where the state has a tight grip on both… Interesting!