lol, no it wasn't. They had a planned economy.
if the government owns the economy (i.e. plans it) and the people don't control the government (i.e. no or bad democracy), then it is state capitalism.
lol, no it wasn't. They had a planned economy.
if the government owns the economy (i.e. plans it) and the people don't control the government (i.e. no or bad democracy), then it is state capitalism.