Capitalism (then maybe later, free markets)

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PLAYER57832
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Lootifer wrote:I want to read it but the sound bites from the two speakers are bordering on retarded:

State capitalism in the 21st century is a hybrid form of capitalism that is propelling firms to the forefront of the Fortune 500.


Anyone who uses Fortune 500 as a genuine metric is an idiot.

The primary purpose of state capitalism is not to produce wealth but to ensure that wealth creation does not threaten the ruling elite's political power.


Sweet, a tinfoil hatter arguing on the other side...

F that.


tinfoil hatter? Truly? Care to look at the evidence?

EXCEPT... the problem is that they are looking at the state as if it is really pertinent. In reality, it is not. A company like BP Can dictate to any country what the country should do.

Or, to put it in another framework, the whole idea of diplomacy is that nations will work together to solve problems. However, that becomes irrelevant when you are in a world with corporations that are more powerful that most or all countries.

OR... the Liberaterian's world is coming, world-wide, so in many ways, our little election is just irrelevant. The corporations already own not just our system, but ALL the systems. And countries will just have to step back and let them do as they wish.
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Re: Capitalism (then maybe later, free markets)

Post by Lootifer »

It was purely based off that sound bite... The primary purpose of some company is politically motivated? Sure, got nothing at all to do with the widgets they make or anything... :roll:
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Lootifer wrote:It was purely based off that sound bite... The primary purpose of some company is politically motivated? Sure, got nothing at all to do with the widgets they make or anything... :roll:

Actually, the purpose of companies is to make profits. Any more, that often has very little to do with any specific widget. Or, did you miss the whole Venture capitol debate?
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Re: Capitalism (then maybe later, free markets)

Post by Woodruff »

PLAYER57832 wrote:OR... the Liberaterian's world is coming, world-wide, so in many ways, our little election is just irrelevant. The corporations already own not just our system, but ALL the systems. And countries will just have to step back and let them do as they wish.


What exactly does that have to do with Libertarianism? Specifics this time, please. Thanks.
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Re: Capitalism (then maybe later, free markets)

Post by TA1LGUNN3R »

Player wrote:OR... the Liberaterian's world is coming, world-wide, so in many ways, our little election is just irrelevant. The corporations already own not just our system, but ALL the systems. And countries will just have to step back and let them do as they wish.


Wow. I lol'd so hard at this. Let's see if I can find an appropriate gif...

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yes I think that one will do.

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Re: Capitalism (then maybe later, free markets)

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Re: Capitalism (then maybe later, free markets)

Post by Baron Von PWN »

Lootifer wrote:I loath the use of specific metrics in something like this; it leads to the perception that fortune 500 is always good. I believe any company in the fortune 500 should not get such a glossy cover, nor such high priase.

Highest revenue generating companies (even if they are the same thing it comes down to semantics) is far better, but even then it seems to be rewarding the wrong thing. They should be focussed on metrics like value-add, wealth and job creation, etc etc. Things that are genuinely and specifically positive, not things that sound good but have a few skeletons in the closet.


From the second part sounds like you would like what the State capitalism guys like.

Essentially their idea is that companies don't need to have a single motive of profit, they can also have equally important social/political objectives as well.

On other matters, dismissing a whole(incomplete) debate over two lines of the opening statements? Now who's being silly?
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Re: Capitalism (then maybe later, free markets)

Post by thegreekdog »

While I'm maintaining my self-ban of responding to a certain Player's posts, I would note that Libertarianism does not support corporate control over government... that is not one of the intended or unintended consequences of Libertarianism.
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

thegreekdog wrote:While I'm maintaining my self-ban of responding to a certain Player's posts, I would note that Libertarianism does not support corporate control over government... that is not one of the intended or unintended consequences of Libertarianism.

A vacume will be filled. Corporate abuses are directly linked to a lack of government control. Cut government and companies are not going to suddenly decide that taking care of the evironment and saty are important even without being forced to comply. They can tell us to ignore the man behind the curtain all they wish, but pretending that the big blobbing voice is telling the real truth is how we got from "trickle down" [will save us] to an ever-widening gap incomes and decline in education, social services. We HAVE been down that route, its history.
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Re: Capitalism (then maybe later, free markets)

Post by Woodruff »

PLAYER57832 wrote:
thegreekdog wrote:While I'm maintaining my self-ban of responding to a certain Player's posts, I would note that Libertarianism does not support corporate control over government... that is not one of the intended or unintended consequences of Libertarianism.

A vacume will be filled. Corporate abuses are directly linked to a lack of government control. Cut government and companies are not going to suddenly decide that taking care of the evironment and saty are important even without being forced to comply. They can tell us to ignore the man behind the curtain all they wish, but pretending that the big blobbing voice is telling the real truth is how we got from "trickle down" [will save us] to an ever-widening gap incomes and decline in education, social services. We HAVE been down that route, its history.


Making government smaller does not at all equate to eliminating government, and the same applies to governmental regulations. We need to make them work smarter, not harder (the regulations, I mean).
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Woodruff wrote:
PLAYER57832 wrote:
thegreekdog wrote:While I'm maintaining my self-ban of responding to a certain Player's posts, I would note that Libertarianism does not support corporate control over government... that is not one of the intended or unintended consequences of Libertarianism.

A vacume will be filled. Corporate abuses are directly linked to a lack of government control. Cut government and companies are not going to suddenly decide that taking care of the evironment and saty are important even without being forced to comply. They can tell us to ignore the man behind the curtain all they wish, but pretending that the big blobbing voice is telling the real truth is how we got from "trickle down" [will save us] to an ever-widening gap incomes and decline in education, social services. We HAVE been down that route, its history.


Making government smaller does not at all equate to eliminating government, and the same applies to governmental regulations. We need to make them work smarter, not harder (the regulations, I mean).

This is absolutely true and I have said as much. However, if you look at why regulations, etc have expanded so much in the past few decades, it is largely to do with protecting the environment and worker standards. The liberaterian model is about removing most of that, when you look at the detailsa nd impact of what they ask. We need many more regulations and controls in those areas because we now realize that protecting the environment is not only more important, but far more involved than was thought in the past.

A construction company wants to put up a project of a certain size and they now have to do various environmetnal impact studies, etc. If its a government contract, they also have to ensure they comply with various minimum pay standards, equal opportunity standards, etc. All of that gets classed as "red tape".... right along with teh rule that says a home child care home is supposed to have 1 foot of "soft fill" under any play area (this is the reccommended standard nationally, the required standard is 6" of fill). In the first case, the problem is most people don't really and truly understand why much of what they are told they cannot do is just wrong. This is particularly true when it comes to water and streams... but I won't write a book here explaining it. The second is a bit closer to something most people can understand. On the one hand, I fully agree and understand that this is the safest standard. In fact, IF I were continuing in my business, I would be one of the few in town to comply with that standard. (others just don't have play equipment for kids) However, I look around and see essentially no homes meeting that standard (a few think they are, but are not really). I also remember climbing up on equipment with, well hard dirt or even pavement under it. I know, as a former EMT, fully the risk. BUT.. I also say that a lot of has to do with supervising kids and knowing the kids you have in your care. When it comes to kids, too often there is far more harm to be had from "protecting" them too much. In this case, as I noted, many places that watch children just don't have anything kids can climb. This is what the official agencies in charge of children here really wants (not guessing.. this is what I have been told).

OK, so what is the "red tape"? I would say definitely not the first. The second... maybe. I say it is a very well intended law, but that the real problem is that people need to take the time to make sure the center where they are dropping off their kids is not over-capacity, with undertrained staff, etc, etc, etc. That is FAR more important than having one foot of soft fill. but, the second is easier regulate. ANd, when this gets shaken out, because everybody understands kids and no one wants to think of kids at risk in even small ways, that kind of regulation gets passed, is often not much criticized. The first type gets all kinds of criticicism and disdain.

Or, to put it yet another way... one persons "silly regulation" is another persons "godsend." in many cases.

There ARE rules that need to be changed. There are paperwork requirements that no longer make sense in the days of such ready electronic processing. There are some rules that maybe were thought intelligent to protect the environment, for example, but that really cause more harm than good. And there are some that just seem plain stupid. BUT.. those types of rules are actually not as common as people think.
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Re: Capitalism (then maybe later, free markets)

Post by Woodruff »

PLAYER57832 wrote:
Woodruff wrote:Making government smaller does not at all equate to eliminating government, and the same applies to governmental regulations. We need to make them work smarter, not harder (the regulations, I mean).


This is absolutely true and I have said as much. However, if you look at why regulations, etc have expanded so much in the past few decades, it is largely to do with protecting the environment and worker standards. The liberaterian model is about removing most of that, when you look at the detailsa nd impact of what they ask. We need many more regulations and controls in those areas because we now realize that protecting the environment is not only more important, but far more involved than was thought in the past.


No. Not only have you NOT "said as much", but in this very paragraph you are saying something entirely different.

As well, it is painfully clear to me that you have such an incredibly jaundiced view of what "the Libertarian model" is that it is evident to me that even discussing the existence of such a thing with you is an utter waste of anyone's time.
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Re: Capitalism (then maybe later, free markets)

Post by Lootifer »

Baron Von PWN wrote:
Lootifer wrote:I loath the use of specific metrics in something like this; it leads to the perception that fortune 500 is always good. I believe any company in the fortune 500 should not get such a glossy cover, nor such high priase.

Highest revenue generating companies (even if they are the same thing it comes down to semantics) is far better, but even then it seems to be rewarding the wrong thing. They should be focussed on metrics like value-add, wealth and job creation, etc etc. Things that are genuinely and specifically positive, not things that sound good but have a few skeletons in the closet.


From the second part sounds like you would like what the State capitalism guys like.

Essentially their idea is that companies don't need to have a single motive of profit, they can also have equally important social/political objectives as well.

On other matters, dismissing a whole(incomplete) debate over two lines of the opening statements? Now who's being silly?

Oh I'm not dismissing the debate, I was just being over-reactionary ('cause its the internet and I can).

Yes I am a fan of state capitalism. But liberal state capitalism, not authoratarian.
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Woodruff wrote:
PLAYER57832 wrote:
Woodruff wrote:Making government smaller does not at all equate to eliminating government, and the same applies to governmental regulations. We need to make them work smarter, not harder (the regulations, I mean).


This is absolutely true and I have said as much. However, if you look at why regulations, etc have expanded so much in the past few decades, it is largely to do with protecting the environment and worker standards. The liberaterian model is about removing most of that, when you look at the detailsa nd impact of what they ask. We need many more regulations and controls in those areas because we now realize that protecting the environment is not only more important, but far more involved than was thought in the past.


No. Not only have you NOT "said as much", but in this very paragraph you are saying something entirely different.

As well, it is painfully clear to me that you have such an incredibly jaundiced view of what "the Libertarian model" is that it is evident to me that even discussing the existence of such a thing with you is an utter waste of anyone's time.

I have absolutely said this, many, many times, just not in the above post.
I repeat myself and get chastized for saying the same things. I omit things that are obvious... and get this.

The thing is that while there IS waste... that is a given, there is not enough waste to significantly reduce the government. In fact, when it comes to the environment and research, we need so much more that the actual size of a government that operates truly effectively will likely be larger than it is now. It will operate different, more effectively, perhaps more cheaply (?), but will not blankly shrink the government.

As a classic example, a lot of prior "reduce government" moves really amounted to shifting public sector jobs into private contractors. You know well how assinine that is, how it actually winds up costing taxpayers more and not less. Yet, reversing that means increasing the size of government. BUT... again, that is not absolute. There are a few areas where it really does or may make sense to have private contractors take over.

The problem here is not that I am waffling, its that there is no one, set answer that works for everything.
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Lootifer wrote:
Yes I am a fan of state capitalism. But liberal state capitalism, not authoratarian.

How would you define the difference?
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Re: Capitalism (then maybe later, free markets)

Post by Baron Von PWN »

Lootifer wrote:
Baron Von PWN wrote:
Lootifer wrote:I loath the use of specific metrics in something like this; it leads to the perception that fortune 500 is always good. I believe any company in the fortune 500 should not get such a glossy cover, nor such high priase.

Highest revenue generating companies (even if they are the same thing it comes down to semantics) is far better, but even then it seems to be rewarding the wrong thing. They should be focussed on metrics like value-add, wealth and job creation, etc etc. Things that are genuinely and specifically positive, not things that sound good but have a few skeletons in the closet.


From the second part sounds like you would like what the State capitalism guys like.

Essentially their idea is that companies don't need to have a single motive of profit, they can also have equally important social/political objectives as well.

On other matters, dismissing a whole(incomplete) debate over two lines of the opening statements? Now who's being silly?

Oh I'm not dismissing the debate, I was just being over-reactionary ('cause its the internet and I can).

Yes I am a fan of state capitalism. But liberal state capitalism, not authoratarian.


I agree as well. At least the concept sounds appealing. In practice it may be more difficult to implement.
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Baron Von PWN wrote:
Essentially their idea is that companies don't need to have a single motive of profit, they can also have equally important social/political objectives as well.

Why would anyone dispute this?

The problem is that what many companies see as important political/social objectives have little to do with what may be truly good for society. This is not becuase they are "evil". Arrogance certainly plays a part.. its easy for a successful person to think they "know it all", to think that because they made good business investment decisions they much understand (or have access to) good science. Its also inherent bias. Someone heavily vested in a company -- and I mean not just money (at this level actually money is probalby the least motivator because money can usually be moved around well) is not going to be incredibly objective about the problems caused by its actions.

I see this today on a small scale. A company was actually charged with completely disregarding safety concerns for a local water system. Yet... people are quick to defend that company as "creating jobs". They literally put the water supply of an entire town at risk because they did not even take some very minimal steps like putting up proper barriers. Luckily the pollutant involved was relatively innocuous. But... how long can we stay lucky?
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Re: Capitalism (then maybe later, free markets)

Post by Baron Von PWN »

PLAYER57832 wrote:
Baron Von PWN wrote:
Essentially their idea is that companies don't need to have a single motive of profit, they can also have equally important social/political objectives as well.

Why would anyone dispute this?

The problem is that what many companies see as important political/social objectives have little to do with what may be truly good for society. This is not becuase they are "evil". Arrogance certainly plays a part.. its easy for a successful person to think they "know it all", to think that because they made good business investment decisions they much understand (or have access to) good science. Its also inherent bias. Someone heavily vested in a company -- and I mean not just money (at this level actually money is probalby the least motivator because money can usually be moved around well) is not going to be incredibly objective about the problems caused by its actions.

I see this today on a small scale. A company was actually charged with completely disregarding safety concerns for a local water system. Yet... people are quick to defend that company as "creating jobs". They literally put the water supply of an entire town at risk because they did not even take some very minimal steps like putting up proper barriers. Luckily the pollutant involved was relatively innocuous. But... how long can we stay lucky?


The reason to dispute this would be that if the Social/political objective comes to supersede the profit objective the enterprise becomes unstable and becomes a drain on the rest of the economy. Also if it is an economic endeavour and the political/social objective has superseded the profit objective you could come to be in the situation where you subsidise an inefficient and wasteful enterprise locking up those resources which could be of use elsewhere, this inefficient enterprise could then make matters worse by being subsidised.

On your second thing I don't see how that's relevant. So some people are idiots what's your point?
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Re: Capitalism (then maybe later, free markets)

Post by AlgyTaylor »

Capitalism is IMHO inevitable. You make a product (corn, hammers, ipods, whatever) then you exchange it for things that you want with people who want your things (swap corn for hammers, ipods for baking foil, whatever). Capitalism is wrongly blamed for a lot of wrongs.

In defense of that - cooperatives (Mondragon in Spain, the Coop and John Lewis in the UK, ..) are, in their ideas and actions, quite left wing. But they're also capitalist.

Capitalism's just a word to describe the exchange of goods (taking in to account their relative values), which is a good thing for everyone.
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Re: Capitalism (then maybe later, free markets)

Post by Lootifer »

PLAYER57832 wrote:
Lootifer wrote:
Yes I am a fan of state capitalism. But liberal state capitalism, not authoratarian.

How would you define the difference?

Good question. I have no idea.

Liberal = open to new ideas, progressive (not in the socialist use, merely just actually progressing/moving with the times), non-discriminante etc

Of course you cant have a "state" system without at least some authority so like I say (and you suggest?) its not a simple question/answer.
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Lootifer wrote:
PLAYER57832 wrote:
Lootifer wrote:
Yes I am a fan of state capitalism. But liberal state capitalism, not authoratarian.

How would you define the difference?

Good question. I have no idea.

Liberal = open to new ideas, progressive (not in the socialist use, merely just actually progressing/moving with the times), non-discriminante etc

Of course you cant have a "state" system without at least some authority so like I say (and you suggest?) its not a simple question/answer.

For my part, science has to be first, becuase it is based on fact. But, I don't see any system that does that. Maybe its because the skills that put on in power and the skill needed for science differ or maybe its because those in power would stand to lose too much if they did listen.
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Re: Capitalism (then maybe later, free markets)

Post by PLAYER57832 »

Baron Von PWN wrote:
PLAYER57832 wrote:
Baron Von PWN wrote:
Essentially their idea is that companies don't need to have a single motive of profit, they can also have equally important social/political objectives as well.

Why would anyone dispute this?

The problem is that what many companies see as important political/social objectives have little to do with what may be truly good for society. This is not becuase they are "evil". Arrogance certainly plays a part.. its easy for a successful person to think they "know it all", to think that because they made good business investment decisions they much understand (or have access to) good science. Its also inherent bias. Someone heavily vested in a company -- and I mean not just money (at this level actually money is probalby the least motivator because money can usually be moved around well) is not going to be incredibly objective about the problems caused by its actions.

I see this today on a small scale. A company was actually charged with completely disregarding safety concerns for a local water system. Yet... people are quick to defend that company as "creating jobs". They literally put the water supply of an entire town at risk because they did not even take some very minimal steps like putting up proper barriers. Luckily the pollutant involved was relatively innocuous. But... how long can we stay lucky?


The reason to dispute this would be that if the Social/political objective comes to supersede the profit objective the enterprise becomes unstable and becomes a drain on the rest of the economy.
Actually, the reverse is true. Ignoring the other stuff is what destablilizes the economy fundamentally. I mean, it was ultimately bad farming practices that hit the nail on the coffin to give us the depression.
Baron Von PWN wrote: Also if it is an economic endeavour and the political/social objective has superseded the profit objective you could come to be in the situation where you subsidise an inefficient and wasteful enterprise locking up those resources which could be of use elsewhere, this inefficient enterprise could then make matters worse by being subsidised.
Not quite, because keeping other factors as goals doesn't mean you have to ignore the profit motive. It just means that you don't necessarily always choose the immediate buck. Companies do that all the time.
Baron Von PWN wrote: On your second thing I don't see how that's relevant. So some people are idiots what's your point?

It is the reason we are in the dire straights we are right now. And, unless it shifts things will be getting a good deal worse. They may get a little better in the short term, but not really for the long term.
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Re: Capitalism (then maybe later, free markets)

Post by Baron Von PWN »

PLAYER57832 wrote:
Baron Von PWN wrote:
PLAYER57832 wrote:
Baron Von PWN wrote:
Essentially their idea is that companies don't need to have a single motive of profit, they can also have equally important social/political objectives as well.

Why would anyone dispute this?

The problem is that what many companies see as important political/social objectives have little to do with what may be truly good for society. This is not becuase they are "evil". Arrogance certainly plays a part.. its easy for a successful person to think they "know it all", to think that because they made good business investment decisions they much understand (or have access to) good science. Its also inherent bias. Someone heavily vested in a company -- and I mean not just money (at this level actually money is probalby the least motivator because money can usually be moved around well) is not going to be incredibly objective about the problems caused by its actions.

I see this today on a small scale. A company was actually charged with completely disregarding safety concerns for a local water system. Yet... people are quick to defend that company as "creating jobs". They literally put the water supply of an entire town at risk because they did not even take some very minimal steps like putting up proper barriers. Luckily the pollutant involved was relatively innocuous. But... how long can we stay lucky?


The reason to dispute this would be that if the Social/political objective comes to supersede the profit objective the enterprise becomes unstable and becomes a drain on the rest of the economy.
Actually, the reverse is true. Ignoring the other stuff is what destablilizes the economy fundamentally. I mean, it was ultimately bad farming practices that hit the nail on the coffin to give us the depression.
Baron Von PWN wrote: Also if it is an economic endeavour and the political/social objective has superseded the profit objective you could come to be in the situation where you subsidise an inefficient and wasteful enterprise locking up those resources which could be of use elsewhere, this inefficient enterprise could then make matters worse by being subsidised.
Not quite, because keeping other factors as goals doesn't mean you have to ignore the profit motive. It just means that you don't necessarily always choose the immediate buck. Companies do that all the time.
Baron Von PWN wrote: On your second thing I don't see how that's relevant. So some people are idiots what's your point?

It is the reason we are in the dire straights we are right now. And, unless it shifts things will be getting a good deal worse. They may get a little better in the short term, but not really for the long term.


Great depression came about as an economic hangover from WW1. Most of the big purchasers in Europe had been wiped out. The dust bowl was bad but it wasn't the primary cause of he great deppression.

Besides the dust-bowl came about due to ignorance, not profit motive.

It doesn't necesseraly mean that they will ditch the profit motive, it is just that a valid criticism of "state capitalism" is that since they have the backing of the state they could ditch the profit motive to the detriment of the rest of the economy. If it works its awesome, but if it goes bad its really bad because the state keeps it alive when really it should be dead.
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Re: Capitalism (then maybe later, free markets)

Post by thegreekdog »

Yeah, so - why would state capitalism not also have a profit motive?
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Re: Capitalism (then maybe later, free markets)

Post by Baron Von PWN »

thegreekdog wrote:Yeah, so - why would state capitalism not also have a profit motive?



It does, but the danger is that the parts of state capitalism that aren't profit motivated (interests of the state) can come to override the profit motive and then become a drag on the whole economy. Or the sate becomes too tied to those businesses in which it has a stake (favouritism, think Gazprom in Russia).

Now by and large I think some state capitalism can be quite positive, I'm just pointing out potential problems.
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