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On 20.06.2014 15:33, Louis Proyect via Marxism wrote:

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.

Just for clarification, Tony Cliff actually also referred to such entities as a form of state capitalism (following on from Bukharin's analysis in "Imperialism and World Economy"), although he distinguished it clearly from what he called "bureaucratic state capitalism" in the Soviet Union.

Einde O'Callaghan
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