▁capital ism ". ▁More ▁recently , ▁And rei ▁Ill ar ion ov , ▁former ▁economic ▁advis er ▁to ▁Russian ▁President ▁Vladimir ▁Put in , ▁res igned ▁in ▁December ▁ 2 0 0 5 , ▁protest ing ▁Russia ' s ▁" emb rac ement ▁of ▁state ▁capital ism ". ▁ ▁However , ▁the ▁term ▁is ▁not ▁used ▁by ▁classical ▁liber als ▁to ▁describe ▁the ▁public ▁ownership ▁of ▁the ▁means ▁of ▁production . ▁The ▁explanation ▁why ▁is ▁given ▁by ▁the ▁Aust rian ▁School ▁econom ist ▁Ludwig ▁von ▁M ises , ▁who ▁states : ▁The ▁social ist ▁movement ▁takes ▁great ▁p ains ▁to ▁circul ate ▁frequently ▁new ▁labels ▁for ▁its ▁ide ally ▁constructed ▁state . ▁Each ▁worn - out ▁label ▁is ▁replaced ▁by ▁another ▁which ▁ra ises ▁hopes ▁of ▁an ▁ult imate ▁solution ▁of ▁the ▁ins ol ub le ▁basic ▁problem ▁of ▁Social ism ▁— ▁until ▁it ▁becomes ▁obvious ▁that ▁nothing ▁has ▁been ▁changed ▁but ▁the ▁name . ▁The ▁most ▁recent ▁s log an ▁is ▁" State ▁Capital ism ." ▁It ▁is ▁not ▁commonly ▁realized ▁that ▁this ▁covers ▁nothing ▁more ▁than ▁what ▁used ▁to ▁be ▁called ▁Pl anned ▁Econom y ▁and ▁State ▁Social ism , ▁and ▁that ▁State ▁Capital ism , ▁Pl anned ▁Econom y , ▁and ▁State ▁Social ism ▁diver ge ▁only ▁in ▁non - ess entials ▁from ▁the ▁" class ic " ▁ideal ▁of ▁eg al itar ian ▁Social ism . ▁ ▁Use ▁by ▁Italian ▁F asc ists ▁▁ ▁On ▁economic ▁issues , ▁Italian ▁F asc ist ▁leader ▁Ben ito ▁M uss ol ini