What is another word for state capitalism?

Pronunciation: [stˈe͡ɪt kˈapɪtəlˌɪzəm] (IPA)

State capitalism is an economic system where the government controls and owns major industries, businesses, and resources. It is often associated with authoritarian regimes, where a centralized state controls all aspects of the economy. Synonyms for state capitalism include government capitalism, statist capitalism, bureaucratic capitalism, and state socialism. Other similar concepts include planned economy, command economy, and central planning. These terms refer to economic systems where the government heavily regulates and controls the economy, dictating what can be produced, how much can be produced, and at what price. While state capitalism can provide some benefits like the creation of jobs and strategic investments, it can also lead to inefficiencies, corruption, and a lack of innovation.

Synonyms for State capitalism:

What are the hyponyms for State capitalism?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with State capitalism

  • I think it is only because capitalism has proved so enormously more efficient than alternative methods that it has survived at all. (...) I'm not sure capitalism is the right word. There is a sense in which every society is capitalist. The Soviet Union was capitalist, but it was state capitalism. Latin American societies in the past have been capitalist, but it has been oligarchic capitalism. So what we really need to talk about is not capitalism but free market or competitive capitalism which is the system that we would like to have adopted, not just capitalism.
    Milton Friedman
  • Other common names for fascism are 'crony capitalism', 'state capitalism', 'corporate socialism' and 'mercantilism'. Sometimes members of the mercantile class become partners with the state and, in certain circumstances, even end up controlling it. The whole thing looks like a different system than ordinary socialism until you apply the ethical definition. What's more important in a fascist society, the needs and wants of the group, or the rights of the individual? As Mr. Spock once famously observed (in the original James Blish novel ), 'a difference that makes no difference no difference.'
    L. Neil Smith
  • [Professor Jennifer] Burns doesn't seem to understand that when leftists, or conservatives or liberals for that matter, refer to capitalism, they don't mean what Ayn Rand meant by it.  mean the system that is otherwise known as mercantilism, corporatism, state capitalism, or even fascism—a system in which huge corporations, aided by the state, dominate a heavily-regulated and centrally-directed economy.  is what both conservatives and liberals advocate, this is what the New Left opposed.  New Left guru, the late Murray Bookchin, told me thirty years ago in Boston that he had no quarrel with what Ayn Rand and Murray Rothbard meant by the term , a system in which people divide their labour, specialise in producing certain goods and services, and trade among themselves.  Bookchin told that he would say that is not capitalism, though there are many different definitions.
    Jeff Riggenbach
  • 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.
    Paul Craig Roberts

Related words: the state capitalism, kleptocracy, political capitalism, free market, state capitalism definition

Related questions:

  • What is state capitalism?
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