The primary point of difference between capitalism and communism is regarding the ownership of ‘means of production’ or resources in general. Communism shuns private/individual ownership of land or any vital resources. On the other hand, capitalism believes in private ownership of land and means of production.

: an economic system in which private capitalism is modified by a varying degree of government ownership and control.

Marx used the term mode of production to refer to the specific organization of economic production in a given society. Capitalism is a mode of production based on private ownership of the means of production.

What is state capitalism? State capitalism is simply a variant form of capitalism. State capitalism is defined as capitalism in an environment wherein the capitalist enterprise is a component part of the state bureaucracy and the receivers of capitalist surplus value are state appointed bureaucrats.

The capitalist state is the state, its functions and the form of organization it takes within capitalist socioeconomic systems. The primary functions of the capitalist state are to provide a legal framework and infrastructural framework conducive to business enterprise and the accumulation of capital.

The difference is that the state acts as a public entity and engages in this activity in order to achieve socialism by re-investing the accumulated capital into the society, whether be in more healthcare, education, employment or consumer goods, whereas in capitalist societies the surplus extracted from the working …

Marxism is a social, political, and economic theory originated by Karl Marx that focuses on the struggle between capitalists and the working class. Marx wrote that the power relationships between capitalists and workers were inherently exploitative and would inevitably create class conflict.

As a term, state socialism is often used interchangeably with state capitalism in reference to the economic systems of Marxist–Leninist states such as the Soviet Union to highlight the role of state planning in these economies, with the critics of said system referring to it more commonly as state capitalism.

Nearly every proponent of capitalism supports some level of government influence in the economy. Under socialism, the state owns the means of production and attempts to direct economic activity towards politically identified goals.

Many analysts assert that China is one of the main examples of state capitalism in the 21st century. This is a form of capitalism but one in which the state acts as the dominant economic player and uses markets primarily for political gain.

Morality. Consequently, to state that something is just under capitalism is simply a judgement applied to those elements of the system that will tend to have the effect of advancing capitalism. According to Marx, in any society the ruling ideas are those of the ruling class; the core of the theory of ideology.

Marxism, in fact, becomes ideology. It is assimilated by the most advanced forms of state capitalist movement—notably Russia. By an incredible irony of history, Marxian ‘socialism’ turns out to be in large part the very state capitalism that Marx failed to anticipate in the dialectic of capitalism.

Clearly, this conception of “proletarian” government is distinct from the bourgeois state, or from any previous form of state power. As Marx makes clear in the above statements, he is referring to a proletarian “government” only in the sense that the working class uses general means of coercion to enforce its aims.

State capitalism is an economic system in which the state undertakes business and commercial (i.e. for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor).