Tuesday, April 06, 2021

Quote of the Day

 "Theoretically, to be sure, it is possible to conceive a situation in which the bourgeoisie as a whole constitutes itself a stock company which, by means of its state, administers the whole national economy. The economic laws of such a regime would present no mysteries. - Trotsky, (The Revolution Betrayed)

In other words, even a totally state-owned economy can be capitalist despite the absence of a free market.

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