Does not get you control, this is just the government giving money to big corporations which is perfectly in line with actual capitalism (as.practiced, not the fairy tale version).
Real capitalists will also have no problem with the government taking over a failing company, paying off it’s debts and later selling it at a loss to them.
Government ownership over industry where they do have direct control would still be capitalism though, as long as commodity production, wage labor and markets exist, since that’s what actually defines it. Ownership alone isn’t relevant.
Technically you could still have commodity production, wage labor, and markets under other systems such as under market socialism and various forms of anarchism that use markets as an economic driver.
Calling a system something else doesn’t make it different, all of these are still fundamentally capitalist. Production remains commodity-based and mediated by markets, labor power stays commodified and exploitative (if not via capitalists, then via the state apparatus or the markets), wealth accumulation remains in place leading to inevitable snowballing monopolies and wealth gaps, etc.
Only by fundamentally changing what things are produced for and how the goods are distributed (for example, instead of for profit we produce for use to fill people’s needs) only then does the system overcome capitalism.
Does not get you control, this is just the government giving money to big corporations which is perfectly in line with actual capitalism (as.practiced, not the fairy tale version).
Real capitalists will also have no problem with the government taking over a failing company, paying off it’s debts and later selling it at a loss to them.
Government ownership over industry where they do have direct control would still be capitalism though, as long as commodity production, wage labor and markets exist, since that’s what actually defines it. Ownership alone isn’t relevant.
Technically you could still have commodity production, wage labor, and markets under other systems such as under market socialism and various forms of anarchism that use markets as an economic driver.
Calling a system something else doesn’t make it different, all of these are still fundamentally capitalist. Production remains commodity-based and mediated by markets, labor power stays commodified and exploitative (if not via capitalists, then via the state apparatus or the markets), wealth accumulation remains in place leading to inevitable snowballing monopolies and wealth gaps, etc.
Only by fundamentally changing what things are produced for and how the goods are distributed (for example, instead of for profit we produce for use to fill people’s needs) only then does the system overcome capitalism.