this post was submitted on 29 Dec 2025
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Yes western liberal economists prefer calling it state capitalist as the funding for their research and prestige depends on it. "State capitalism" is also political ideological label that serves capitalist interests as it obfuscates the nature of socialist states
"state capitalism" alone is a bit imprecise, and open to interpretation (as this whole thread demonstrates). It's probably why additional qualifiers are typically used, and definitions often provided. Especially when labels like socialist market economy change over time.
Once again: it's fine - times change & ideologies evolve.