Concept
State monopoly capitalism
Related concepts (9)
State socialism
State socialism is a political and economic ideology within the socialist movement that advocates state ownership of the means of production. This is intended either as a temporary measure, or as a characteristic of socialism in the transition from the capitalist to the socialist mode of production or to a communist society. State socialism was first theorised by Ferdinand Lassalle. It advocates a planned economy controlled by the state in which all industries and natural resources are state-owned.
Popular front
A popular front is "any coalition of working-class and middle-class parties", including liberal and social democratic ones, "united for the defense of democratic forms" against "a presumed Fascist assault". More generally, it is "a coalition especially of leftist political parties against a common opponent". The term was first used in the mid-1930s in Europe by communists concerned over the ascent of fascism in Italy and Germany, which they sought to combat by coalescing with non-communist political groupings they had previously attacked as enemies.
Vladimir Lenin
'Vladimir Ilyich Ulyanov ( 1870 – 21 January 1924), better known as Vladimir Lenin', was a Russian lawyer, revolutionary, politician and political theorist who served as the first and founding head of government of Soviet Russia from 1917 to 1924 and of the Soviet Union from 1922 to 1924. Under his administration, Russia, and later the Soviet Union, became a one-party socialist state governed by the Communist Party over the course of the Russian Civil War. Ideologically a Marxist, his development of the ideology is known as Leninism.
Communist Party of Great Britain
The Communist Party of Great Britain (CPGB) was the largest communist organisation in Britain and was founded in 1920 through a merger of several smaller Marxist groups. Many miners joined the CPGB in the 1926 general strike. In 1930, the CPGB founded the Daily Worker (renamed the Morning Star in 1966). In 1936, members of the party were present at the Battle of Cable Street, helping organise resistance against the British Union of Fascists.
Eurocommunism
Eurocommunism was a trend in the 1970s and 1980s within various Western European communist parties which said they had developed a theory and practice of social transformation more relevant for Western Europe. During the Cold War, they sought to reject the influence of the Soviet Union and the Communist Party of the Soviet Union. The trend was especially prominent in Italy, Spain, and France. The origin of the term Eurocommunism was subject to great debate in the mid-1970s, being attributed to Zbigniew Brzezinski and Arrigo Levi, among others.
Law of value
The law of the value of commodities (German: Wertgesetz der Waren), known simply as the law of value, is a central concept in Karl Marx's critique of political economy first expounded in his polemic The Poverty of Philosophy (1847) against Pierre-Joseph Proudhon with reference to David Ricardo's economics. Most generally, it refers to a regulative principle of the economic exchange of the products of human work, namely that the relative exchange-values of those products in trade, usually expressed by money-prices, are proportional to the average amounts of human labor-time which are currently socially necessary to produce them within the capitalist mode of production.
State capitalism
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). The definition can also include the state dominance of corporatized government agencies (agencies organized along business-management practices) or of public companies such as publicly listed corporations in which the state has controlling shares.
Individualist anarchism
Individualist anarchism is the branch of anarchism that emphasizes the individual and their will over external determinants such as groups, society, traditions and ideological systems. Although usually contrasted to social anarchism, both individualist and social anarchism have influenced each other. Some anarcho-capitalists claim anarcho-capitalism is part of the individualist anarchist tradition, while others disagree and claim individualist anarchism is only part of the socialist movement and part of the libertarian socialist tradition.
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.