Yeah and you also get state capitalism whose purpose is is to enrich private monopolies or support privatisation and imperialism, like France between 1950-1970 and the rebuilding of post hot war South Korea.
This label (state capitalism) remains vague and superficial so long as the specific content is not analyzed... Beyond this preliminary reflection, we must concretely describe the state capitalism in question by bringing out the nature and the project of the state concerned, because there is not just one type of state capitalism, but many different ones. The state capitalism of France of the Fifth Republic from 1958 to 1975 was designed to serve and strengthen private French monopolies, not to commit the country to a socialist path.
Korea and Taiwan are the only two successful examples of an authentic emergence in and through capitalism. These two countries owe this success to the geostrategic reasons that led the United States to allow them to achieve what Washington prohibited others from doing. The contrast between the support of the United States to the state capitalism of these two countries and the extremely violent opposition to state capitalism in Nasser’s Egypt or Boumedienne’s Algeria is, on this account, quite illuminating.
Yeah and you also get state capitalism whose purpose is is to enrich private monopolies or support privatisation and imperialism, like France between 1950-1970 and the rebuilding of post hot war South Korea.