state capitalism


Definition of state capitalism

: an economic system in which private capitalism is modified by a varying degree of government ownership and control

Examples of state capitalism in a Sentence

Recent Examples on the Web By that definition, China is far from having a capitalist economy, for Chinese state capitalism is a system in which the purpose of firms is to fulfill the goals of the Communist Party. WSJ, 4 Aug. 2021 Neither shareholder nor state capitalism works for all people and the planet. Klaus Schwab, Time, 11 Aug. 2021 But as Joe Biden is now finding out, Chinese President Xi Jinping operates from a very different premise: that the West has had its day, and Beijing’s blend of Communist Party rule and state capitalism is the ticket to Make China Great Again. William Mcgurn, WSJ, 28 June 2021 The pattern has grown increasingly stark as inequality has surged during China’s shift over the past 40 years from Maoist collectivism to state capitalism, with wealth concentrated on the east coast as the interior lags behind. Ann Scott Tyson, The Christian Science Monitor, 14 May 2021 But the violent suppression of peaceful demonstrations across China in early June 1989, combined with Deng’s bolstering of state capitalism in the early 1990s, revived fears of China’s growing challenge to America’s global dominance. Washington Post, 12 Mar. 2021 The fundamental importance of innovation to long-term growth poses an existential threat to China’s model of state capitalism. Philip Cross, National Review, 30 Dec. 2020 Now the next phase of Chinese state capitalism is under way—call it Xinomics. The Economist, 13 Aug. 2020 The Chinese economy is instead a system of state capitalism in which the arbiter is an uncontestable political authority. Daniel Rosen, WSJ, 22 Sep. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'state capitalism.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of state capitalism

circa 1886, in the meaning defined above

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Time Traveler for state capitalism

Time Traveler

The first known use of state capitalism was circa 1886

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Statistics for state capitalism

Last Updated

9 Sep 2021

Cite this Entry

“State capitalism.” Dictionary, Merriam-Webster, Accessed 20 Oct. 2021.

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