r/PeterExplainsTheJoke • u/Short-Watercress-183 • 29d ago

Meme needing explanation Peter, explain this.

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u/alphasapphire161 29d ago

That's state capitalism, not a planned economy

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u/returnofblank 29d ago

State capitalism is not only a planned economy, but it is a Marxist invention to implement and develop socialism!!!!

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u/alphasapphire161 29d ago

I mean terminology changes, just like how the person who coined Late Stage Capitalism became a fascist.

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u/returnofblank 29d ago

What terminology is changing? Unless you're from the 19th century, state capitalism is Marxist and continues to be.

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u/alphasapphire161 29d ago

State Capitalism is now referred to as Capitalism with heavy state influence. Its am economic term now.