state capitalism

noun

: 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 The seed for its stunning growth was planted in 1980, when China made the city one of its first special economic zones, positioning it to benefit from the country’s stellar growth as its communist leaders embraced what some scholars describe as a form of state capitalism. Chris Lau, CNN, 24 Feb. 2024 The first is recognizing that the World Trade Organization, despite efforts by governments in the West and elsewhere to hobble it, is still the best place to tackle supply concerns over China’s practice of state capitalism. Ken Heydon, Fortune Asia, 24 Feb. 2024 That kind of state capitalism puts it in company with China, but also the United States and other big countries that have belatedly engaged in versions of the same. Alex Travelli, New York Times, 13 Sep. 2023 At the same time, however, Prigozhin is a product of Putin-style state capitalism, in which the Kremlin distributes tax revenues to various outsourcers. Andrei Kolesnikov, Foreign Affairs, 22 Aug. 2023 The collapse of the Soviet Empire, disintegration of the Soviet Union, and China’s turn toward state capitalism removed, or obscured, the communist threat. Matthew Continetti, National Review, 22 July 2023 By revising the Mexican tradition of mixing state capitalism and oligarchy, López Obrador and his party are emulating the PRI’s vision of governance as a system for distributing the spoils. Denise Dresser, Foreign Affairs, 21 Oct. 2022 While Americans have favored a pure form of capitalism, Japanese corporations serve society, Europeans use worker participation, the Nordic nations form civic associations, and China has state capitalism. William E. Halal, Fortune, 9 Mar. 2022 The test was originally designed for Soviet-style command economies, but today it should be broadened to include China-style state capitalism. Nicholas Phillips, National Review, 19 Oct. 2021

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'state capitalism.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

circa 1886, in the meaning defined above

Time Traveler
The first known use of state capitalism was circa 1886

Dictionary Entries Near state capitalism

Cite this Entry

“State capitalism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/state%20capitalism. Accessed 29 Mar. 2024.

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