this post was submitted on 07 Jul 2023
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Original definition according to who? Best I can tell from reading the literature, the definition in the public sphere was changed to this definition in the 20th century. Papers wrote of state capitalism in the 1880s. By the 1890s in Germany, the idea had already arisen that perhaps state socialism isn't possible as it will always become state capitalism.
It's strange, but I distinctly remember three different school books giving that exact definition. Yet, when I looked up the etymology for the word it said that it started out as a disparaging French word for money lender and was picked up by the British to describe anyone who made money in enterprise.