What Is Federal Procurement?

State procurement refers to the emergence of a state-monopoly capitalist government as a huge consumer, purchasing goods and services from private monopolies. It is an important way for the state to regulate the entire reproduction process by intervening in the field of commodity circulation. State procurement and ordering often make private monopolies obtain high profits. The essence is that monopoly capitalists use national power to make national income a means of redistributing to their own benefit. The contents of state procurement mainly include: munitions, food and other strategic raw materials used for storage, consumer goods for social welfare and poverty relief, labor services of employees and workers employed by the state, and military services. ^[1]