Stamocap theory wrongly implied that the state might one way or the other overrule inter-capitalist competitors, the laws of motion of capitalism and market forces generally, supposedly cancelling out the operation of the regulation of value. State monopoly capitalist (stamocap) principle aims to define the ultimate historical stage of capitalism following monopoly capitalism, consistent with Lenin’s definition of the traits of imperialism in his brief pamphlet of the same name.
Occasionally the stamocap concept additionally seems in neo-Trotskyist theories of state capitalism in addition to in libertarian anti-state theories. The evaluation made is normally identical in its primary options, however very totally different political conclusions are drawn from it. An alternate definition is that state capitalism is a close relationship between the government and private capitalism similar to one during which the private capitalists produce for a assured market.
One influential formulation has been that of the Johnson–Forest Tendency of … Read More