chapter  3
19 Pages

A Class Theory of State Capitalism

Our stress on state capitalism so defined follows from the objective in part 3 below: to present the findings from our class analysis of the rise and fall of the USSR. The chief finding is that Soviet industry was always organized as a state capitalist class structure, while Soviet agriculture became increasingly so across its history. Hence it is important, in this chapter, to delineate state capitalism by distinguishing it from other forms generally and from the more familiar private form of capitalism in particular. Since we are hardly the first to apply the term "state capitalism" to the USSR, chapter 4 will show how our concept of state capitalism differs from all others.