this post was submitted on 20 May 2025
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[–] Cowbee@lemmy.ml 12 points 3 days ago (6 children)

When the principle aspects of an economy are controlled by the public, ie large firms and key industries, it is safely considered to have moved beyond Capitalism into Socialism as the Mode of Production. As all transfers from one Mode of Production into the next are both instant and gradual, the Mode of Production overall has changed while still being stamped with remnants of the former that wither over time as the state resolves contradictions in favor of the new Mode of Production.

Labelling all Socialist societies run by Marxists as "State Capitalist" when they have clearly transitioned to a new form of society incompatible with the old order, is a gross mistake in analysis.

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