Bordigist
Member
- Joined
- Nov 2, 2019
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- 110
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- Political Leaning
- Communist
Incorrect. When government nationalizes an industry they cease to be capitalist and have become socialist instead. You clearly have no concept of the word capitalist. If the private sector is not investing capital in the industry, then it cannot be a capitalist nation by definition.
Negative. Capitalism is generalized commodity production for exchange. This can occur between State owned enterprises just as well as between private actors (and between co-operative as well as hierarchical enterprises).
Socialism, which is synonymous with Communism (the misattribution of socialism as the "lower phase" of Communism stems from a misreading of the Gothakritik) will abolish production for exchange in lieu of direct and unmediated production for use. Produced items may still pass through separate hands, but they will not be produced to realize their exchange value.