Critique of State Capitalism

Critique of State Capitalism argues that when a government controls key industries instead of private companies, it can still prioritize profit over social welfare. Critics argue that this system often maintains capitalist inequalities, as the state may exploit workers and resources for economic gain. Unlike traditional socialism, which seeks to distribute resources equitably, state capitalism can lead to a concentration of power and wealth within the government. Thus, while it may aim for development and national strength, it often replicates the same issues found in conventional capitalist systems, such as inequality and lack of genuine democratic control.