#statecapitalism — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #statecapitalism, aggregated by home.social.
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(2) on Trump/Xi 2026
I remember the “kerfuffle” in 1972 when during War on Vietnam ‘Nixon the Crook’ met with ‘Mao the Cult’ and the fallout amongst authoritarian Left and Right alike.
https://en.wikipedia.org/wiki/1972_visit_by_Richard_Nixon_to_ChinaAustralian Labour Govt Opposition leader in 1971; as Prime Minister 1973 Whitlam began trade deals with China’s State Capitalists too
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#Ai trip 2026:
https://www.abc.net.au/news/2026-05-12/tim-cook-musk-among-top-executives-accompanying-trump-to-china/1066685842017 Boeing, General Electric, Goldman Sachs Trip
https://www.abc.net.au/news/2026-05-12/trump-xi-beijing-summit-must-confront-ai-cold-war/106666482An earlier business trip:
54 years ago #Nixon / #Mao aka USA/China ie. Capitalism/State-Capitalism
https://en.wikipedia.org/wiki/1972_visit_by_Richard_Nixon_to_China -
"Direct, transactional government intervention in companies to secure critical industries and serve other policy ends will inevitably lead to favoritism, inefficiency, higher costs, and lower growth. Frontier companies are already pulling away from their competitors; discretionary intervention may further increase market concentration and widen the gap between the large incumbents and industry champions that benefit from government deals and access and the companies that do not.
Even for the businesses that benefit, the new discretionary state capitalism is a mixed blessing. They will face rising uncertainty and risk falling into governments’ cross hairs as everything from antitrust approvals to international mergers and acquisitions becomes less subject to predictable rules and more subject to the whim of political processes. Governments, meanwhile, may be eager to use the full range of tools available to them, but a heavy-handed, volatile state can quickly dampen economic activity and competition. Discretionary policymaking can distort corporate behavior, pushing companies to focus less on productivity and more on lobbying for political favor. And perhaps most important, a government will not succeed in securing its country’s economic future through investment in critical technology and manufacturing unless it also addresses underlying constraints, such as labor availability, skills gaps, or a burdensome regulatory environment. Economic history is littered with experiments in state capitalism that ended in failure, including U.S. price controls in the 1970s, which contributed to energy shortages and did little to tame inflation, and the 1975 nationalization of British Leyland Motor Corporation, which struggled mightily despite billions in government investment and was eventually dissolved. Policymakers keen on muscular intervention today must tread carefully or risk meeting the same fate."
https://www.foreignaffairs.com/united-states/trouble-state-capitalism#
#USA #Trump #StateCapitalism #Kleptocracy -
State Capitalism – Be careful what you ask for!
Good Read!By anointing winners and losers, State Capitalism may well create an enduring snake pit of favoritism, inefficiency, higher costs, lower growth, and stunted innovation. And it’s not just losers that lose, the “winners” will also face rising uncertainty and risk of falling out of favor with business operations subject to unpredictable rules and to the flights of fancy of political actors.
Access to foreign markets will become more uncertain/possibly curtailed as more and more countries seek to promote domestic champions and reduce dependence on foreign goods. Ultimately, state capitalism is self-defeating. The U.S. has maintained its lead over China due to the dynamism of open markets and the predictability of the rule of law. Replacing a system of economic rules with a system powered by political whims will be geopolitical economic malpractice. https://www.foreignaffairs.com/united-states/trouble-state-capitalism #Capitalism #StateCapitalism #Politics #Markets #Risk #Business #Innovation
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Trump’s State Capitalism
The U.S. government has increasingly become a brokerage[1] platform for elite business capital accumulation goals camouflaged under a national security agenda. Anyone who has read my latest book, U.S.-Russian Commercial Relations 1763-1933: Origins of ... -
Trump’s State Capitalism
The U.S. government has increasingly become a brokerage[1] platform for elite business capital accumulation goals camouflaged under a national security agenda. Anyone who has read my latest book, U.S.-Russian Commercial Relations 1763-1933: Origins of ... -
"The Trump administration has continued to snap up stakes in other private firms, most notably mining companies involved in the production of rare earth minerals and other raw materials used in technology"
Approaching the Chinese model, just from the opposite direction? #nationalisation #statecapitalism
https://aje.io/jimbw7 -
"Given what we know about the limited net surplus actually squeezed from agriculture and the scale of human loss, a softer, more balanced socialist strategy looks economically plausible and morally preferable. A reformed NEP with hard investment targets could have delivered comparable industrial capacity by the early 1940s, with fewer long-term distortions and a very different distribution of gains.
But plausibility on paper isn’t the same as political feasibility in 1928–32. Information was thin; the leadership’s worldview was siege-minded, which was hardly irrational given the collapse of collective-security efforts after 1933 and, ultimately, the 1941 German invasion; and incentives inside the party-state pushed toward command solutions. From that vantage point, the crash path felt “inevitable,” even if it wasn’t in a strict economic sense. The late-1980s debates in the Soviet Union revived the counterfactuals, including the idea that Lenin might have kept a mixed economy longer. As Alec Nove cautioned in the last edition of An Economic History of the USSR, it’s far from obvious he would have chosen differently had he lived into the 1930s.
So, I land here: a more humane path was possible, but not likely under the beliefs, threats, and institutions of the time. The lesson isn’t that speed always justifies the means. It’s that the means shape the society you end up with, long after the steel is rolled and the machines are built."
https://deveconhub.com/was-stalin-necessary-three-ways-to-read-soviet-industrialization/
#Russia #USSR #Stalin #Industrialization #NEP #Lenin #StateCapitalism
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💯 👉"Critics of socialism argue that it is a cop-out to say that the USSR was not socialist. But it seems clear that in practical terms, those running the system were trying to beat capitalism at its own game. They were not only imprisoned in a competitive logic but also bound by its limited horizons.
Of course, this does not tell us what the Soviet economic system was. To pose that question, as some did in the USSR, was to step outside the ruling order and to invite retribution. The job of the economists that Feygin discusses was to help the system work better.
Yet even some of those who were at the center of these “insider” debates could not help wondering exactly what the USSR was. Feygin in particular instances Yakov Kronrod, who spent four decades or more trying to think not only about reform but also about value relations and the question of alienation and exploitation in the Soviet system (David Mandel’s book on Konrod, Democracy, Plan, and Market, is not cited, however).
In the event, the USSR and the wider Soviet-led bloc collapsed, becoming the “ruin” of Feygin’s title. It failed to catch up with (let alone overtake) the West, and it failed to satisfy the aspirations of its own population. The idea of socialism from above, directed by a plan, has not really recovered. When we think, therefore, of going beyond capitalism, we must think about different ends as well as different means.
A bottom-up, participative system might well be messy in different ways, but it would have to engage people. In the USSR, Soviet workers were never the knowing agents of their own fate. They figured only as a constraint..." 👈💯
https://jacobin.com/2025/11/soviet-economic-reform-workers-feygin/
#SovietUnion #USSR #Socialism #Capitalism #StateCapitalism #EconomicDemocracy #Gorbatchev #Perestroika
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"In this episode, join your hosts Sam Thomas (resident Italophile), J.E. Morain, and James Crane for a discussion taking the 1951 polemic, “Murder of the Dead,” as a point of departure for deeper dive into Amadeo Bordiga’s bellicose and beautiful run of essays in eco-communism throughout the 50s and 60s. Topics of discussion include: Bordiga’s critique of a version of the ‘state capitalism’ thesis, the conceptual matrix of living/dead labor and variable/constant capital, the theoretical and stylistic function of ‘invariance’ in Bordiga's writings, coal mine collapses, the flooding of symbols of national pride, and scientific-scatological reflections on the ‘how’s of abolishing the antithesis of town and country. We end with a few remarks on the conquest of the fear of death and the “natural condition of the prosperity of the species” in Bordiga's 1961 “In Janitzio Death is not Scary.”
Other Bordiga essays discussed in the episode:
“The Filling and Bursting of Bourgeois Civilisation” (1951)
“The Human Species and the Earth’s Crust” (1952)
“The Spirit of Horsepower” (1953)
“Weird and Wonderful Tales of Modern Social Decadence” (1956)
“The Legend of the Piave” (1963)"
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Bosses (everywhere) are always keen to reduce the “cost of labour” to boost their stolen wealth
https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires -
https://www.abc.net.au/news/2025-10-02/china-k-visa-draws-fierce-criticism/105840312
“Invisible overtime” during 996 9am-9pm 6 days a week (whatever happened to the - 19th century - 8 hour day ?)
https://www.abc.net.au/news/2024-03-25/china-invisible-overtime-reforms-labour-law-work-hours/103599992#Capitalism #China #996 #labourmovement #migrantworkers #overtime #StateCapitalism #STEM #WorkVisa
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I don't have much patience for Losurdo's Stalinist deliriums. In any case, it's awesome that just one of the dozens of famous marxist intellectuals of the 21st century is an apologist of the old USSR and its authoritarian state capitalism...! His critique/rant of Nietzsche just stinks. And Nietzsche is probably my favorite philosopher.
"Losurdo, a self-styled realist, felt that classical Marxism’s assumption that revolution had to happen in the leading capitalist countries was unfounded and needed to be revised. Overcoming capitalism would be a much more drawn out process than Marx, Engels, or Lenin had imagined, and would require state-building.
This brings in one of Losurdo’s favorite hobbyhorses: his thesis that the Marxist doctrine of the withering away of the state has had disastrous consequences for efforts to realize communism. He made this argument again and again throughout his œuvre, at times even arguing that the doctrine betrayed a harmful anarchist origin.80 Whereas Marx, Engels, and Lenin had predicted the eventual disappearance of state power, Losurdo believed that this millenarian forecast stood in need of revision (...) ” In contrast to this more positive attitude toward the state, Western Marxists seized on the most utopian elements of Marxism, “accentuat[ing] the messianic tendency in Marx and Engels.” Eastern Marxists were compelled to take the reins of power, and thus were not afraid to get their hands dirty. Lenin purportedly moved away from the fantasy of the withering away of the state in practice, according to Losurdo, even if he never officially renounced it in theory.
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Needless to say, Losurdo diverged sharply from what Marx, Engels, and Lenin had to say on each score (...) His readings are so tendentious as to strain credulity, and must thus be compared with the source material to gauge the accuracy of his accusations."https://newintermag.com/against-losurdo/
#Marxism #Stalinism #Philosophy #Capitalism #State #StateCapitalism #WesternMarxism
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"The texts collected here belong to the materials on ‘racket theory’ composed by members of the Institute for Social Research between 1941 and 1944. More specifically, they were mostly (probably) written by Max Horkheimer, albeit with considerable input from Theodor W. Adorno and occasional feedback from others.
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The history of the ‘racket theory’ corpus is difficult to reconstruct. We have found it helpful to divide our subsequent analysis of the racket theory project into three major sections, which are not exclusive in terms of content. Our narrative starts with the earliest use of the term in Max Horkheimer’s essay “The End of Reason” (1942). After this, we turn to analyzing the stream of texts which were explicitly composed for or about publication(s), mostly written between spring 1942 and fall 1943. Then we treat the topic of reflexivity and the specific character of the racket theory project that flows from its particular form of reflexivity. Finally, we briefly discuss some particularities of the core racket theory texts before concluding. Translations from additional German sources are our own."https://ctwgwebsite.github.io/blog/2025/RacketIntro/
#CriticalTheory #FrankfurtSchool #RacketTheory #StateCapitalism
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"The texts collected here belong to the materials on ‘racket theory’ composed by members of the Institute for Social Research between 1941 and 1944. More specifically, they were mostly (probably) written by Max Horkheimer, albeit with considerable input from Theodor W. Adorno and occasional feedback from others.
(...)
The history of the ‘racket theory’ corpus is difficult to reconstruct. We have found it helpful to divide our subsequent analysis of the racket theory project into three major sections, which are not exclusive in terms of content. Our narrative starts with the earliest use of the term in Max Horkheimer’s essay “The End of Reason” (1942). After this, we turn to analyzing the stream of texts which were explicitly composed for or about publication(s), mostly written between spring 1942 and fall 1943. Then we treat the topic of reflexivity and the specific character of the racket theory project that flows from its particular form of reflexivity. Finally, we briefly discuss some particularities of the core racket theory texts before concluding. Translations from additional German sources are our own."https://ctwgwebsite.github.io/blog/2025/RacketIntro/
#CriticalTheory #FrankfurtSchool #RacketTheory #StateCapitalism
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“Trump’s MAGA is abandoning free markets. From CEO intimidation to picking industry winners, it mirrors state capitalism—less Smith, more Xi. #MAGA #StateCapitalism #EconomicTakeover” fortune.com/2025/08/12/m...
Is MAGA going Marxist and Maoi... -
"Alami and Dixon’s The Spectre of State Capitalism is a careful discussion of a topic often dealt with in platitudes and sound-bites. The authors cover uses of ‘state capitalism’ as an ideological tool, as well as serious scholarly work on the subject. They accept that ‘all capitalism is state capitalism to some extent,’ and ‘the new state capitalism may not be so new after all’ (5). But, at the same time, they detail the changes in the nature of the global economy, and argue that they must be reckoned with – that is, not just described, but explained.
The authors define state capitalism as an expansion of the state’s role in the world economy through state-capital hybrids (such as sovereign wealth funds, state enterprises and banks embedded in states), and increasingly statist policies (including industrial and development policies and economic nationalism). They argue that this expansion of the state’s economic and political role is not contingent. It is ‘structured by deep-seated, secular transformations’ in global capitalism (15). The economy itself they understand as ‘a world-historical totality’ (13), and not just a collection of disparate institutions and states."
#Capitalism #StateCapitalism #Marxism #PoliticalEconomy #Geopolitics #Ideology #Neoliberalism
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The point where the real fascism starts | @destiny
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An excellent article by @AnnPettifor on how private equity has taken advantage of the modern state where she says capitalism now bears uncomfortable semblance to the Soviet economic system.
#PrivateEquity #VentureCapital #StateCapitalism #Deregulation #Economics
Private Equity as Public Debt - by Ann Pettifor
https://annpettifor.substack.com/p/private-equity-as-public-debt -
If I can’t dance, it’s not my revolution
I see tankies keep trying to argue with people about "Actually Existing Socialist" states like USSR and China and try to argue with me or others about how "they were good actually". It's bad enough when most of their arguments are whataboutism, but it grinds my gears when I hear then prattle on about all the statistically significant material improvements the life of the people received. It's like listening to a terminally-liberal prattle on about how "statistically, the life quality […]https://dbzer0.com/blog/if-i-cant-dance-its-not-my-revolution/
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OnlineFirst - "China, geoeconomics and the ‘new’ state capitalism" by Ruben Gonzalez-Vicente and Han Cheng:
#geoeconomics #geopolitics #statecapitalism #China #internationalrelations #orientalism
https://journals.sagepub.com/doi/full/10.1177/0308518X241269361
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图像来自今日中文网络。
🧬《“我要我的血汗钱”：全球资本主义的算法暴政在中国》
https://iyouport.substack.com/p/c39🧬《快递小哥的反抗：收集自己的数据检查算法暴政的剥削》 https://iyouport.substack.com/p/p-?utm_source=publication-search
🧬《我们一起来对战巨人：世界各地的快递小哥终于组织起来形成了真正的反抗力量》
https://iyouport.substack.com/p/eb1🧬《建立国际团结：全球斗争中的人际关系》
https://iyouport.substack.com/p/cb9🧬《习的民粹主义背后是日益加剧的社会不平等》
https://iyouport.substack.com/p/9a3#快递 #算法暴政 #劳工运动
#中国 #国家资本主义 #不平等 #China #StateCapitalism #Inequality -
The Spectre of State Capitalism
Ilias Alami,
Adam D DixonPublished:
24 June 2024https://academic.oup.com/book/57552
Keywords: #state #capitalism, state-owned enterprises, sovereign wealth funds, development and policy banks, techno-industrial policy, infrastructure-led development, economic nationalism, trade and investment restrictions, geopolitical economy, state theory, #statecapitalism
Subject
Economics Capitalist Systems Economic Methodology -
八九革命三十五周年。后 …
「媒体政治的根本局限就在于此 —— 它本身并不能创造政治行动… Youtube 这类媒体政治就其本质而言是偏向于维护现状的。
一些流传的游击战操作手册和抵抗策略（尤其是非暴力偏执狂那种），通常有一个共同的缺陷就是，基本都是为那些能够对行动团体直接行使权力的核心管理人员编写的。中国这种一盘散沙的情况在此有很大的不同 ……
左派这个词，在全世界都是极其混乱的，不仅在中国混乱。
它是个很方便的抽象概念。就像斯蒂芬金的迷雾，你可以在这里面隐藏任何东西～从波尔布特到土拨鼠到毛泽东。
那么“左派”这个名头儿到底意味着什么？
不论是推特上贩卖口水的“政治预言家”，还是抖音上胡说八道的“心理辅导”，或者小红书上各种廉价和荒唐的“速成版人生进阶指南”，这些狗屎本身并不是问题，问题在于，有着非常庞大的观众群体需要它们。是真正的需要。
为什么会这样？
那些叫嚷着对台战争的人，不论持什么立场（国家主义暴徒还是所谓的民主派嘴炮异议）、不论依照任何逻辑（甚至有人认为一旦开战党国必然灭亡，从而“民主自由就到来了” 这是说梦话呢），不论你觉得自己有多合理（显然控制战争的人不会理睬你们中任何人的意见），都请不要忘了，战争并不会导致民主变革，战争只会杀人。战争一旦开始，政治行动的空间只会成倍缩小 —— 国内会受到更严格的压制（“紧急状态”是所有统治者的便利工具），同时政治重心向外转移，所有注意力都被锁定到前线，所有身边的迫害都将变得“可以忍耐”。战争只会导致最高程度的去政治化 …… 」
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我有一个好消息，和一个坏消息，你想先听哪个？…… 这不是在提问。而是在描述IYP近半年多来对来自华人异议社区新动态的一点体验。借着天安门起义35周年纪念的日子，IYP开启了一个研讨。
并且，为您写了一本书。
📌 题为《“三十五年后, 我长大了... 》https://iyouport.substack.com/p/-2-
#天安门广场起义 #革命 #无政府主义 #中国 #反抗 #新秩序 #国家资本主义 #白纸抗议 #TiananmenSquareUprising #89 #Revolution #Anarchism #China #Resistance #NewOrder #StateCapitalism #WhitePaperProtests
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Plundering and polluting for profit regardless of the human, social and environmental consequences. Eg in #Kazakhstan 450 #nucleartests from 1949-1989 aka #Semipalatinsk Test Site or The Polygon
https://www.eddohartmann.nl/work/sacrifice
#Sacrificezones #Capitalism #StateCapitalism #Militaryindustrialcomplex #ecocide #Anthropocene
#eddohartmann #photography -
认为外部因素从根本上改变了中国前景的想法是错误的。相反，中国的逐步衰落从十多年前就开始了……
🧬「中国：民族主义作为“新政权合法性”的由来」
https://www.patreon.com/posts/zhong-guo-min-zu-88113694#China #Economy #Nationalism #Statecapitalism #Postglobalisation
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🧵 https://tweets.todon.eu/AllStatesAreBad/status/1554600796376993795
#tankies #ML #MLM #MarxismLeninism #Stalinism #Maoism #stateCapitalism #Authoritarianism #xp
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RT @AllStatesAreBad
The ML states were not successful stories, unless your aim was to build oppressive police states. The results end the same where the system itself doesn't work well for the elite class as others do, so they reform it and allow market economy.
https://twitter.com/AllStatesAreBad/status/1554600796376993795
