“State capitalism” is an unfortunate misnomer which I avoid. Unlike private enterprises, state-owned enterprises don’t necessarily need to make a profit, because the state has a monopoly on money. Previously.

This was a good quote from the essay:

When the working class has learned how to defend the state system against the anarchy of small ownership, when it has learned to organise large-scale production on a national scale along state-capitalist lines, it will hold, if I may use the expression, all the trump cards, and the consolidation of socialism will be assured.

This was the last sentence of a section on which he talks about the organization and engineering aspects of capitalism and how that, when used by the state, is state capitalism.

invincible