What is another word for state socialism?
Pronunciation: [stˈe͡ɪt sˈə͡ʊʃə͡lˌɪzəm] (IPA) 
State socialism, also known as socialist state or state capitalism, refers to a type of economic system where the state plays a significant role in the management of social and economic affairs. The state owns and controls the means of production, distribution, and exchange of goods and services. Other synonyms of state socialism include public ownership, collectivism, centralized planning, planned economy, and command economy. These economic systems are often associated with communist or Marxist ideologies and are often criticized for their lack of individual freedom. Regardless of the term used, state socialism remains a contentious economic system that has been experimented within different countries with varying successes.
