state capitalism
Noun
Meaning
state capitalism (countable and uncountable, plural state capitalisms)
The form of capitalism where for-profit commercial activities are undertaken by the state; either via corporatized government agencies, or via ownership or control of nominally private organizations.
Hypernyms
Examples
The elimination of individual capitalists and the replacement of private capitalism by state capitalism in Russia has not in the least altered the typical helpless and authoritarian character structure of the masses of people.
If we add state capitalism to the Bush administration's success in eroding both the US Constitution and the power of Congress, we may be witnessing the final death of accountable constitutional government.
State capitalism is about more than emergency government spending, implementation of more intelligent regulation, or a stronger social safety net. It's about state dominance of economic activity for political gain.
Three-fourths of the Italian economy, industrial and agricultural, is in the hands of the state. And if I dare to introduce to Italy state capitalism or state socialism, which is the reverse side of the medal, I will have the necessary subjective and objective conditions to do it.
Private Capitalism makes a steam engine; State Capitalism makes pyramids.
In the strictly Marxist sense, there is not even in Soviet Russia a state socialism but a state capitalism.