Horkheimer feared state capitalism could replace socialism as the successor to capitalism

Evidence

Whereas Engels and the German Social Democrats had seen state capitalism as the gateway to socialism, Horkheimer saw it as a form of organization tending to develop into an integral form of statism which would be capable of lasting for a considerable time, and even of taking the place of socialism as the new order succeeding capitalism. Horkheimer thought state capitalism was not a regression but an intensification of forces', which would be able to exist without racism’. — Rolf Wiggershaus, The Frankfurt School, 1158

Categorization

• XREF: Directly reverses the Sozialdemokratische expectation that state capitalism prefigures socialism — a genuine inversion worth flagging beside Milgrom on institutions enabling markets. — connects to: Horkheimer held state capitalism could persist without racism and parody classless society — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1158; Horkheimer judged the USSR state capitalism purer than fascist mixed form — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1157; State capitalism substitutes the power motive for the profit motive — Martin Jay, The Dialectical Imagination: A History…, 485 (+2 more)

Broader Connections

• Horkheimer judged the USSR state capitalism purer than fascist mixed form #expands (0.85) — Rolf Wiggershaus, The Frankfurt School, 1157
• Capitalism may lead to barbarism rather than socialism #corroborates (0.85) — Aijaz Ahmad, In Theory, 354
• State capitalism substitutes the power motive for the profit motive #expands (0.80) — Martin Jay, The Dialectical Imagination, 485
• State-capitalism theory downgrades the economic base in favor of direct political domination #expands (0.75) — Dirk Braunstein, Adorno’s Critique of Political Economy, 600