▁state ▁capital ist ▁systems . ▁An ▁existing ▁example ▁of ▁this ▁type ▁of ▁system ▁would ▁be ▁North ▁Korea . ▁ ▁State ▁capital ism ▁has ▁also ▁come ▁to ▁be ▁used ▁sometimes ▁inter change ably ▁with ▁state ▁mon opol y ▁capital ism ▁to ▁describe ▁a ▁system ▁where ▁the ▁state ▁interven es ▁in ▁the ▁economy ▁to ▁protect ▁and ▁advance ▁the ▁interests ▁of ▁large - scale ▁business es . ▁No am ▁Ch om sky , ▁a ▁libert arian ▁social ist , ▁applies ▁the ▁term ▁' state ▁capital ism ' ▁to ▁econom ies ▁such ▁as ▁that ▁of ▁the ▁United ▁States , ▁where ▁large ▁enter pr ises ▁that ▁are ▁de emed ▁" to o ▁big ▁to ▁fail " ▁receive ▁public ly ▁fund ed ▁government ▁b ail outs ▁that ▁mit ig ate ▁the ▁fir ms ' ▁assumption ▁of ▁risk ▁and ▁und erm ine ▁market ▁laws , ▁and ▁where ▁private ▁production ▁is ▁largely ▁fund ed ▁by ▁the ▁state ▁at ▁public ▁exp ense , ▁but ▁private ▁own ers ▁re ap ▁the ▁prof its . ▁This ▁practice ▁is ▁in ▁contrast ▁with ▁the ▁ide als ▁of ▁both ▁social ism ▁and ▁la isse z - f aire ▁capital ism . ▁ ▁There ▁are ▁various ▁theories ▁and ▁crit iques ▁of ▁state ▁capital ism , ▁some ▁of ▁which ▁existed ▁before ▁the ▁ 1 9 1 7 ▁October ▁Revolution . ▁The ▁common ▁them es ▁among ▁them ▁identify ▁that ▁the ▁workers ▁do ▁not ▁meaning fully ▁control ▁the ▁means ▁of ▁production ▁and ▁that ▁capital ist ▁social ▁relations ▁and ▁production ▁for ▁profit ▁still ▁occur ▁within ▁state ▁capital ism . ▁In ▁Social ism