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Economic statism promotes the view that the state has a major, necessary and legitimate role in directing the major aspects of the economy, either directly through state-owned enterprises and economic planning of production, or indirectly through economic interventionism and macro-economic regulation.
The economic (left–right) axis measures one's opinion of how the economy should be run. [1] In economic terms, the political left is defined as the desire for the economy to be run by a cooperative collective agency, which can mean a sovereign state but also a network of communes , while the political right is defined as the desire for the ...
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. The phrase économie politique (translated in English to "political economy") first appeared in France in 1615 with the well-known book by Antoine de Montchrétien , Traité de l'economie politique .
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).
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 the Rights and Duties of States in 1933. It provides that "[t]he ...
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 .
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 ...
Part of a series on Communism Concepts Anti-capitalism Class conflict Class consciousness Classless society Collective leadership Communist party Communist revolution Communist state Commune Communist society Critique of political economy Free association "From each according to his ability, to each according to his needs" Market abolitionism Proletarian internationalism Labour movement Social ...