Quote:
Originally Posted by Nate the great
Wouldn't state capitalism be best defined as capitalism for the benefit of the state? That's not what the UK were trying to accomplish.
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I don't think so - capitalist relations of production are those in which the surplus value of the labour of those who do the producing is extracted -the only difference between state capitalism and corporate capitalism is that the ownership and control of the means of production are in the hands of the state rather than in the hands of corporate capital. In neither case do those who produce have ownership and control of the means of production. As I said, the UK never got beyond nationalising a few industries, and in that sense was only ever a mixed economy - a mix of state and corporate capitalism.