State Capitalism
Definition
I State Capitalism is a term used, generally, to reference the way that a sovereign government works with or facilitates explicitly for-profit activities within the sovereigns jurisdiction. This term is of interest to P2P researchers because the process and effects of collusion between the government of the world and for-profit enterprise often provides a series of potential barriers to the clarification of how a P2P approach can be used to facilitate the emergence of a Commons based economy. From Wikipedia[1]:
State capitalism' has various different meanings, but is usually described as a society wherein the productive forces are controlled and directed by the Sovereign state in a capitalist manner, even if such a state calls itself socialist.[2] Corporatized state agencies and states that own controlling shares of publicly-listed firms, and thus acting as a capitalist itself, are two examples of state capitalism."
More Information
References
- ↑ State Capitlism, http://en.wikipedia.org/wiki/State_capitalism
- ↑ Peter Binns, State Capitalism, http://www.marxists.de/statecap/binns/statecap.htm