state capitalism

noun

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

Example Sentences

Recent Examples on the Web

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

And here is a statement from Ai Weiwei: China, under the system of state capitalism and especially after COVID, firmly believes that its administrative control is the only effective method. —Jay Nordlinger, National Review, 19 Jan. 2022

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

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Word History

First Known Use

circa 1886, in the meaning defined above