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The theory of state monopoly capitalism (also referred as stamocap)[1] was initially a Marxist thesis popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into monopoly capitalism, but he did not publish any extensive theory about the topic. The term refers to an environment where the state intervenes in the economy to protect larger monopolistic or oligopolistic businesses from threats.
As conceived by Lenin in his pamphlet of the same name, the theory aims to describe the final historical stage of capitalism, of which he believed the Imperialism of that time to be the highest expression.[2]
^Fuchs, Christian (2017). "Donald Trump: A critical theory-perspective on authoritarian capitalism". TripleC. 15 (1): 1–72. doi:10.31269/triplec.v15i1.835.
^Lenin, Vladimir Ilyich (June 1916), Imperialism, the Highest Stage of Capitalism, retrieved November 29, 2019
and 23 Related for: State monopoly capitalism information
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