• Cowbee [he/they]@lemmy.ml
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    3 days ago

    The USSR moved out of State Capitalism with the end of the NEP. It is technically correct that they had a State Capitalist economy, but they moved on to a traditional Socialist economy relatively early on.

      • Cowbee [he/they]@lemmy.ml
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        3 days ago

        “State Capitalism” is a form of Socialist economy primarily categorized by a State’s participation in a market economy, heavily directing it. The NEP was used early on as the USSR was very underdeveloped, and Marxists believe markets serve as efficient tools for rapidly developing productive forces at lower stages of development. This was shifted away from after the NEP to a more Publicly Owned and Centrally Planned economy characteristic of traditional Marxian Sociailsm. There were still some small markets and small commodity producers, but by far the primary sector of the economy was in the Public Sector.