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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 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]
While economic and political philosophers have contested the monopolistic tendency of states, [35] Robert Nozick argues that the use of force naturally tends towards monopoly. [36] Another commonly accepted definition of the state is the one given at the Montevideo Convention on Rights and Duties of States in 1933. It provides that "[t]he state ...
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.
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 ...
A political union is a type of political entity which is composed of, or created from, smaller polities, or the process which achieves this. These smaller polities are usually called federated states and federal territories in a federal government; and prefectures, regions, or provinces in the case of a centralised government.
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 ...