Here is the first comprehensive exposition of the theory of state capitalism. Using a Marxist theoretical approach, Buick and Crump show that private capitalism and state capitalism are equally suitable institutional arrangements for allowing capital to exploit wage-workers. State capitalism is examined in its Western form of selective nationalisation and in its full-scale form, as found in Russia or China. The origins of Russian state capitalism are traced back to the 1917 revolution and Lenin's ideology. Finally, Buick and Crump suggest the kind of changed social relationships which would allow world capitalism to be replaced by world socialism.

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Bibliographic Information

Book Title: State Capitalism: The Wages System under New Management
Authors: Adam Buick, John Crump
DOI: https://doi.org/10.1007/978-1-349-18426-2
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Softcover ISBN: 978-0-333-36776-6Published: 10 October 1986
eBook ISBN: 978-1-349-18426-2Published: 10 October 1986
Edition Number: 1
Number of Pages: IX, 165
Topics: Political Economy/Economic Systems

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Table of contents (6 chapters)

Front Matter

What is Capitalism?

State Capitalism in the West

The Revolutionary Road to State Capitalism

The Capitalist Dynamic of State Capitalist Economies

The Ideology of State Capitalism

The Alternative to Capitalism

Back Matter

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