this post was submitted on 02 Dec 2024
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I think the important thing to point out is that with Agriculture/Peasants and Industry/Proles, these represent a dialectic contradiction: within a mode of production there is an oppressing class and an oppressed class.
A "Finance Socialist" state would not be run by the oppressors within the Financial system - it would be run by the oppressed. Just as the PRC is not ruled by landlords and the USSR was not ruled by Capitalists.
Who exactly the oppressed class under the Public Finance mode of production (if it can even be considered a distinct mode of production) would be is the important question. I think as we transition deeper into a "Gig Economy" world, the answer is the Lumpenproletariat.