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why does people confuse Capitalism with State Capitalism?
People always confuse Pure Capitalism aka Capitalism With State Capitalism aka Socialistic Capitalism.
(n) capitalism, capitalist economy (an economic system based on private ownership of capital)
(n) state capitalism (an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production)
(n) state socialism (an economic system in which the government owns most means of production but some degree of private capitalism is allowed)
(n) socialism, socialist economy (an economic system based on state ownership of capital)
(n) individualism, laissez faire (the doctrine that government should not interfere in commercial affairs)
(n) Keynesianism (the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment)
(n) collectivism (a political theory that the people should own the means of production)
Capitalism is Individualism
Socialism is Collectivism
State Capitalism/Socialism is Keynesian Economics
Monopolies is Keynesian
Bail Outs is Keynesian
Government involvement in the economy period is Keynesian; discounting socialism.
So why does people contribute Keynesian economics to "Pure Capitalism", when really it's "State Capitalism", and combines socialistic principles with Capitalist principles?
2 Answers
- Anonymous10 years agoFavourite answer
They are unaware of states rights.
- Anonymous5 years ago
i assume it became because of the fact the Soviets themselves have been so perplexed approximately it. They appeared to think of that they themselves have been following the instructions of Marx, and stated so generally. have been they only spouting distinctive lies and propaganda? I easily have a stressful time believing that the Soviets, of all and sundry, might positioned forward this form of deception. or in line with danger that they had themselves fooled as properly? i'm so happy that we've you ever to straighten us all out in this deception.