state capitalism
Nationalized market economy
State capitalism is an economic system in which the government owns or controls major industries and enterprises while operating them according to capitalist principles—pursuing profit, competing in markets, and accumulating capital.
The term describes arrangements from China's state-owned enterprises to sovereign wealth funds: Critics call it state capitalism rather than socialism because workers don't control production.
Sometimes used pejoratively to suggest a system claims socialist ideals while functioning capitalistically.
Team that won nationally
- industrial policyGovernment guidance of production
- public investmentGovernment spending on shared assets
- nationalizationGovernment acquisition of industry
- economic planningCoordinated allocation of resources
mixed economy · government monopoly · dirigisme · command economy · protectionism · import substitution · trade barriers · subsidies
State-led revolutionary socialism
- collectivizationForced communal ownership transfer
- means of productionTools and facilities for manufacturing
- public ownershipState-held property or enterprise
- planned economyCentralized resource allocation system
corporatism · mercantilism · economic nationalism · Leninism
Government directs all production
- bureaucracyRigid administrative system
- interventionismPolicy of deliberate involvement
- regulationOfficial rules governing conduct
- centralizationUnifying control in one place
oversight · policymaking · administration · compliance · enforcement · five-year plans · technocracy · authoritarianism
East Asian superpower
- SingaporeSoutheast Asian city-state
- RussiaEurasian federation, largest country
- Saudi ArabiaGulf kingdom, largest Arabian state
- VietnamSoutheast Asian coastal nation
United Arab Emirates · Norway · Kazakhstan · Belarus · Venezuela · BRICS · Gulf states · petrostates
Saudi national oil corporation
- conglomerateCorporation spanning many industries
- chaebolsKorean family-run corporate groups
- corporate governanceCompany direction and control
- telecommunicationsRemote signal transmission technology
energy sector · banking sector · defense industry · heavy industry
national champions
Team that won nationally
- industrial policyGovernment guidance of production
- public investmentGovernment spending on shared assets
- nationalizationGovernment acquisition of industry
economic planning · mixed economy · government monopoly · dirigisme · command economy · protectionism · import substitution · trade barriers · subsidies · infrastructure development
Marxism-Leninism
State-led revolutionary socialism
- collectivizationForced communal ownership transfer
- means of productionTools and facilities for manufacturing
- public ownershipState-held property or enterprise
planned economy · corporatism · mercantilism · economic nationalism · Leninism
central planning
Government directs all production
- bureaucracyRigid administrative system
- interventionismPolicy of deliberate involvement
- regulationOfficial rules governing conduct
centralization · oversight · policymaking · administration · compliance · enforcement · five-year plans · technocracy · authoritarianism · single-party rule
China
East Asian superpower
- SingaporeSoutheast Asian city-state
- RussiaEurasian federation, largest country
- Saudi ArabiaGulf kingdom, largest Arabian state
Vietnam · United Arab Emirates · Norway · Kazakhstan · Belarus · Venezuela · BRICS · Gulf states · petrostates · emerging markets
Aramco
Saudi national oil corporation
- conglomerateCorporation spanning many industries
- chaebolsKorean family-run corporate groups
- corporate governanceCompany direction and control
telecommunications · energy sector · banking sector · defense industry · heavy industry
- communismMarx, Marxism, Leninism, Lenin, proletariat
- Asian economyChina, Japan, South Korea, Taiwan, Hong Kong
- China economicsfive-year plans, Shenzhen, party control, public ownership, central planning
- economic systemsmercantilism, communism, feudalism, socialism, agrarian economy
- leftismMarxism, socialism, communism, leftist, socialist
- South Korean economySamsung, Hyundai, LG, chaebol, chaebols
state capitalismanarcho-capitalism
Stateless free-market ideology
laissez-faire economics · free enterprise · neoliberalism · classical liberalism · privatization
state capitalismfree enterprise
Privately owned, competitive economy
private enterprise · private ownership · spontaneous order · market economy · worker cooperatives
state capitalismmarket economy
Commerce-based economic system
spontaneous order · Austrian economics · competitive markets · command economy · central planning
state, capitalism, capitalist, capitalists, capitalistic, state capitals, anticapitalism, anticapitalist, state capital