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NotPhil · 4052 days ago · link · · parent · post: US politics' true bipartisan consensus: capitalism is untouchable
It was state capitalism, also called state socialism, managed through a series of 5-year plans. As far as how similar it was to the United States' economic system, that depends on how broad a perspective you wish to adopt. In terms of the economies of the 20th century, the systems were two distinct forms of the market system; in terms of all the economic systems people have used, the two systems were really very similar.How would you describe the USSR economy, then?