Many scholars agree that the economy of the Soviet Union and of the Eastern Bloc countries modeled after it, including Maoist China, were state capitalist systems, and some western commentators believe that the current economies of China and Singapore also constitutes a form of state capitalism.

Was the Soviet Union communism or capitalism?

According to Soviet ideology, Russia was in the transition from capitalism to socialism (referred to interchangeably under Lenin as the dictatorship of the proletariat), socialism being the intermediate stage to communism, with the latter being the final stage which follows after socialism.

What kind of economy did the USSR have?

The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. The highly centralized Soviet-type economic planning was managed by the administrative-command system.