If the capitalists are in charge of the state, they are the state. So it is not privately owned, it is state owned, the state just doesn’t serve the populace. That’s not capitalism.
Then is an absolute monarch capitalist? It is fundamentally a different system to have a state merged with corporation as compared to have them divorced. To deny that is to be intentionally obtuse.
Feudalism is based on lordship of land, and peasantry paying rent in kind, ie agricultural produce and a portion of their production. Capitalism is based on wage labor and flow of commodities, industrialized production, etc. Feudal farming vs capitalist farming is quite stark, as an example.
If the capitalists are in charge of the state, they are the state. So it is not privately owned, it is state owned, the state just doesn’t serve the populace. That’s not capitalism.
It’s absolutely capitalism. All capitalist countries have capitalist power over the state.
Then is an absolute monarch capitalist? It is fundamentally a different system to have a state merged with corporation as compared to have them divorced. To deny that is to be intentionally obtuse.
Feudalism is its own mode of production.
I didn’t say feudalism. Though I agree, but why is it different from capitalism?
Feudalism is based on lordship of land, and peasantry paying rent in kind, ie agricultural produce and a portion of their production. Capitalism is based on wage labor and flow of commodities, industrialized production, etc. Feudal farming vs capitalist farming is quite stark, as an example.