cross-posted from: https://lemmy.ml/post/26817410
this post was submitted on 06 Mar 2025
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Does being a mafia state and an oligarchy under an authoritarian still qualify as capitalist? Not trying to dismiss the argument on those grounds, but when the economic system is almost entirely captured by a few powerful individuals in a kleptocracy is that even capitalism anymore? The US is just now getting slapped in the face with our economic system almost completely captured by oligarchs that are inserting themselves into political control.
The US is at a much higher and more developed form of Capitalism, also called "late-stage" Capitalism. This is a part of Capitalist development.
Doesn’t answer the question I asked.
I think it does. Capitalism at a higher stage is still Capitalism, even if some of the characteristics change.
This is what I asked. Your answer has absolutely nothing to do with whether Russia is still capitalist despite being a fully captured authoritarian/oligarchy/kleptocracy.
Russia is a Capitalist country, quite similar to the US in that regard. The fact that few people own the most doesn't mean it isn't a Capitalist economy driven by private ownership.