State capitalism

State capitalism, in the most common sense, is the formation of capitalism which involves the total subordination of the state apparatus to private monopolies and their complete domination in the political, economic, and social life of a country. Vladimir Lenin used the term to refer to the form of nascent state-operated capitalism which started to develop in the Russian Soviet Republic in works such as The Tax in Kind.

The term "state capitalism" is often used by leftists to refer to nominally socialist states which have what is in fact capitalism as their mode of production. Some left-libertarians argue that state socialism is inherently state capitalist.

See also

• Imperialism
• Monopoly
• Late-stage capitalism
• Corporatism