Actually existing capitalism

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Actually existing capitalism or really existing capitalism is a term used mainly by anti-capitalists to refer to economies that do not fit the ideal definition of capitalism as a laissez-faire free market economic system, but have significant state intervention and partnerships between private industry and the state.[1][2]

Noam Chomsky talks of Really Existing Capitalist Democracy or recd, pronounced wrecked, in his talk Can civilisation survive really existing capitalism?[3]

More commonly, others refer to a mixture of private and state control as mixed economy.

See also[edit]


  1. ^ Sayers, Sean. Marxism and Human Nature. Routledge 1998 page 105
  2. ^ Saree Makdisi, Cesare Casarino, Rebecca E. Karl. Marxism Beyond Marxism. Routledge, 1996. p. 198
  3. ^ Can civilisation survive really existing capitalism? | Noam Chomsky, UCD Philosophy Society Inaugural Lecture 2013[1]