state capitalism

noun

1. a form of capitalism in which the central government controls most of the capital, industry, natural resources, etc.

state capitalism

noun

1. 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

Word History and Origins

Origin of state capitalism¹

First recorded in 1925–30

Example Sentences

Now, under the so-called opening up, they have survived and are catching up in every aspect with a kind of state capitalism.

From New York Times

Individual rights would have to make room for states' rights; optimism for pessimism; a republic of consumers for an apartheid state; capitalism for feudalism.

From Salon

This "switch from militarized ruling classes to administrative ruling classes is a general rule in history," Turchin argues, at least for large states such as China, which has been a bureaucratic empire for two millennia — a continuity unbroken by multiple revolutions, including the overthrow of imperial rule, the triumph of Mao Zedong's Communist Party or the more recent turn to state capitalism.

From Salon

And China’s state capitalism remains in place.

From Washington Post

Its unmistakable clout is intensifying its rivalry with the United States over which country will dominate the global order and, crucially, which system will stand as the world’s political and economic model: the authoritarianism and state capitalism of China, or the liberal democracy and market-oriented economy of the United States.

From Washington Post