state capitalism


: 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 See More

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.

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.” Dictionary, Merriam-Webster, Accessed 30 Mar. 2023.

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