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On 6/20/14 2:27 AM, glparramatta--- via Marxism wrote:
In most recent Budgen-like spray, Louis forgot to include the link:
http://links.org.au/node/3916


Just a follow up on Annis's inanity, ARAMCO, the Saudi oil company, is state-owned. I don't think this is what Marx and Lenin had in mind when they were writing about socialism. In fact Lenin used the term "state capitalism" to refer to such entities but not in the Tony Cliff sense. There was a time when people like Roger Annis understood this but apparently no longer after being bitten by the Putin bug. I will try to find time to explain this at greater length but in the meantime here's something I wrote about Algeria's state-owned oil industry years ago when I was trying to help a state cap understand the issues. Maybe it will help the people at Links.

http://www.columbia.edu/~lnp3/mydocs/state_and_revolution/algeria.htm

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