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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).
The developmental state is sometimes contrasted with a predatory state or weak state. [2] The first person to seriously conceptualize the developmental state was Chalmers Johnson. [3] Johnson defined the developmental state as a state that is focused on economic development and takes necessary policy measures to accomplish that objective.
Rothbard argued that the capitalist system is not properly anarcho-capitalist because it so often colludes with the state, writing: "The difference between free-market capitalism and state capitalism is precisely the difference between, on the one hand, peaceful, voluntary exchange, and on the other, violent expropriation.
The capitalist state is the state, its functions and the form of organization it takes within capitalist socioeconomic systems. [1] This concept is often used interchangeably with the concept of the modern state.
These two contradictory concepts are what I would call 'free-market capitalism' on the one hand, and 'state capitalism' on the other". "The difference between free-market capitalism and state capitalism", writes Rothbard, "is precisely the difference between, on the one hand, peaceful, voluntary exchange, and on the other, violent expropriation".
State capitalism, Bremmer explains, is a system in which governments use markets to create wealth and advance their political interests. In China, Russia and Saudi Arabia the state controls key ...
A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as: Early / monopoly / state monopoly capitalism ; Free trade / monopoly / finance capitalism
In 2015 Curtis J. Milhaupt and Wentong Zheng classified China's economic system as state capitalism because the state directs and guides all major aspects of the Chinese economy—including both the state and private sectors—while not collecting dividends from the ownership of its enterprises. They noted that Chinese state-owned enterprises ...
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