State capitalism refers to economies where the state is heavily involved in capitalism, and private property is the principal aspect of the economy with the capitalist class in charge of the state. Both the USSR and PRC are socialist, public ownership was and is the principal aspect of their economies and the working classes control the state. An example of state capitalism is South Korea, not the USSR or PRC.
State capitalism refers to economies where the state is heavily involved in capitalism, and private property is the principal aspect of the economy with the capitalist class in charge of the state. Both the USSR and PRC are socialist, public ownership was and is the principal aspect of their economies and the working classes control the state. An example of state capitalism is South Korea, not the USSR or PRC.