• PersnickityPenguin@lemm.ee
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    1 year ago

    That’s an interesting point, however it is widely accepted that states can leverage capitalism by allowing quasi-private corporations to operate semi-independently from the government.

    And in fact, many of the largest industrial amd infrastructure projects are only possible by state-funded corporations to undertake them.

    For example, NASA, the Works Progress Administration, the Bonneville or Hoover Dam projects, and the development of most advanced American weapons platforms. None of these were possible without direct government funding and management.

    There is a surprising amount of gray area between straight up socialism and pure capitalism, and in our world pure capitalism is less common than you think.


    Perfect Wikipedia:

    “Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free-market capitalism, anarcho-capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership,[8] obstacles to free competition, and state-sanctioned social policies.”