Adorno, Theodor W (1903–69)

H. Dubiel
International Encyclopedia of the Social & Behavioral Sciences

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excerpt Under the term ‘state capitalism,’ the economist Friedrich Pollock subsumes the structural characteristic of a new politico-economic order as formed in Germany in the 1930s. In ‘state capitalism,’ the liberal separation of the political and economic spheres is done away with. The heads of the major companies become subordinate government agencies. Through state terror, worker organizations are robbed of their rights to the representation of their interests and forcibly incorporated into the planned system. The ruling power in state capitalism is a political apparatus that emerges from the fusion of state bureaucracy and the heads of major companies. In this apparatus, plutocratic exploitation interests and political ruling interests become intermingled to form a closed cyclical system. on 2/27/2020, 12:50:18 AM