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state capitalism

/steɪt ˈkæpɪtəlɪzəm/

1 entry

phrase

/steɪt ˈkæpɪtəlɪzəm/C1formalpolitical
  • ruЭкономическая система, в которой государство играет доминирующую роль в управлении и контроле экономики, часто через государственные предприятия, стратегические инвестиции и регуляторную политику, при этом в разной степени допуская рыночные механизмы и частную собственность.

An economic system in which the state plays a dominant role in directing and controlling the economy, often through state-owned enterprises, strategic investments, and regulatory policies, while still allowing for market mechanisms and private ownership to varying degrees.

  1. C1formal

    An economic system where the state controls the economy and acts as the dominant capitalist, owning and managing businesses for profit.

    ruГосударственный капитализм

    • State capitalism is often seen in countries with strong government control over key industries.
    • China is frequently cited as a modern example of state capitalism.
    • Critics argue that state capitalism can lead to inefficiency and corruption.