Since our start on social media, we’ve tried time & time again to explain what State Capitalism is & how it differs from Socialism/Communism.

Our good comrade @profwolff recently explained this concept in the quickest & most straightforward way some of us have ever seen.

(1/3)
“Most of the United States is private capitalist. China is different in the sense that the dominant part of the economy is still state capitalist – was even more so after 1949 until 10, 15 years ago – but it is a mixture [of state & private capitalism].”

(2/3)
“The REAL question for a SOCIALIST is whether the workers THEMSELVES become THEIR OWN employers.

[The workplace] ... that place has to be TRANSFORMED.

It has to stop being a hierarchy where a few people – mostly who are NOT workers themselves – make ALL the decisions.”

(3/3)
“The problems of the Soviet Union that unraveled it, like the problems building in China, are testimony to the fact that if all you do is move from private to state capitalism, & there's no transformation of the workplace where we all live, you will have very serious problems...”
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