Whether you are in a state capitalism or in the type wherein a few businessmen run the nation and influence most decision making processes, or policy formulations, you are always trapped one way or the other. In China or America there is total capitalism. In China the state's bureaucrats shape the lots of the majority and in America it is the 1 percent shaping the lots of the other 99 percent publics.
State capitalism denotes the higher form ,as it is more efficent then Individual capitilists competing in markets .In some nations such as Australia ,state capitialism comprises the overwhelming basis for economic activity ,eg Railroads ,Roads and infrastructure ,as well as mining ,manufacturing and all basic industry ,indeed without intervention and backing finacially the entire banking system would have frozen and collapsed in 2008! government activity comprises a full 35% of economic activity and causes flow on of another 30% thus comprising over 2 thirds of ALL economy of Australia,Ranked 13th in list of richest nations with a population of 23 million. So much for the Individual capitialists competing giving a national economy drive and vigour! State Capitialism is the most efficent form of Capitialist economy by a Long shot and anyone else thinks different is a fool! Why,because an individual capitialist only worries about his individual factory not the interlinked national economy and planning for the Future. Not to mention the advantages of economy of scale . It is the Privatisation of Government [state capitialist] assets that has seen the destruction and pauperisation of nations in Europe not NATIONALISATION of the banks and basic Industry! Individual Capitialists running things is so 19th century!
