Frequently Lenin identified state capitalism and socialism... In Towards the Seizure of Power, he writes: “Socialism is nothing but state capitalist monopoly made to benefit the whole people; by this token it ceases to be capitalist monopoly.”

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Quote text and notes from Wikiquote: Paul Mattick (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.