Kind of leaves out that whole production not being organized for profit thing and that other bit where every aspect of the economy is centrally planned.
--- On Tue, 6/2/09, Shane Mage <shmage at pipeline.com> wrote:
> From: Shane Mage <shmage at pipeline.com>
> Subject: Re: [lbo-talk] State capitalism, or the real thing
> To: lbo-talk at lbo-talk.org
> Date: Tuesday, June 2, 2009, 3:57 PM
>
> On Jun 2, 2009, at 3:17 PM, Chris Doss wrote:
> > What do they have in common?
> >
>
>
>
>
>
>
>
>
> But
> > if one wants to call the modern US economy
> capitalist then I think calling
> >>
> >> the Soviet economy capitalist or state capitalist
> or
> >> whatever is legitimate since both economies have
> a
> >> significant amount in common.
> >>
>
> Social systems based on alienated wage labor exploited for
> the benefit of a privileged ruling class. Ineffective
> state management of the over-all economy. Massive financial
> corruption as a method of private appropriation.
> Military-industrial complex as principal economic sector.
> Environmental destruction as source of "economic growth."
>
> The first defines capitalism as such. The others are
> peculiar to both the US and Stalinist varieties of
> capitalism.
>
>
> Shane Mage
>
> > This cosmos did none of gods or men make, but it
> > always was and is and shall be: an everlasting fire,
> > kindling in measures and going out in measures."
> >
> > Herakleitos of Ephesos
>
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