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State capitalism is an economic system in which the state undertakes business and commercial (i.e., for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor).
Another manifestation of party-state economic activity was the evolution of the scope of industrial policy. Blending of functions and interests of state and private ownership : In China, the ambiguity surrounding the definition of private ownership has called into question the apparent distinction between state-owned enterprises and private ...
A one-party state, single-party state, one-party system or single-party system is a governance structure in which only a single political party controls the ruling system. [1] In a one-party state, all opposition parties are either outlawed or enjoy limited and controlled participation in elections .
A house number plaque marking state property in Riga, Latvia. State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. [1]
In political science, statism or etatism (from French état 'state') is the doctrine that the political authority of the state is legitimate to some degree. [1] [2] [3] This may include economic and social policy, especially in regard to taxation and the means of production.
One criticism is that interests, both social and economic, are so diverse that a state cannot possibly define or organize them effectively by incorporating them. [ citation needed ] Corporate statism differs from corporate nationalism in that it is a social mode of organization rather than economic nationalism operating by means of private ...
As a political ideology, state socialism rose to prominence during the 20th century Bolshevik, Leninist, and later Marxist–Leninist revolutions, where single-party control over the state and, by extension, over the political and economic spheres of society was justified as a means to safeguard the revolution against counter-revolutionary ...
In that way, political economy expanded the emphasis on economics, which comes from the Greek oikos (meaning "home") and nomos (meaning "law" or "order"). Political economy was thus meant to express the laws of production of wealth at the state level, quite like economics concerns putting home to order.