The kolkhozes were not owned by the state in the Soviet Union. State-owned enterprises represent about 20% of total employment in China. Ownership is simply contingent and limited according to determinate social ends (as opposed to the total anarchy of the market in classical capitalism), but the same is true of every modern economy in the world.

As you say, the difference is whose interests dictate these ends: those of ordinary citizens or those of the monopolies and international finance.