state capitalism

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state capitalism

n
(Government, Politics & Diplomacy) a form of capitalism in which the state owns or controls most of the means of production and other capital: often very similar to state socialism
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Noun1.state capitalism - an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production
economic system, economy - the system of production and distribution and consumption
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I would recommend this book to anyone interested in China's hybrid state-capitalism and contested transformation process.
It was surrounded by a mythical nationalist aura and was at the centerpiece of so-called Brazilian state-capitalism, a network of directly or indirectly state-controlled energy companies and banks.
Piketty and Wallerstein alike overlook Nassim Taleb's diagnosis of what's wrong with the current system of state-capitalism.

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