this post was submitted on 22 Jul 2023
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[โ€“] linoor@beehaw.org 2 points 1 year ago* (last edited 1 year ago) (1 children)

lol, no it wasn't. They had a planned economy.

if the government owns the economy (i.e. plans it) and the people don't control the government (i.e. no or bad democracy), then it is state capitalism.