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 Since the transition from socialism to state capitalism and the brutal suppression of the 1989 Tiananmen Movement, China's government has based its legitimacy on its ability to grow the economy, keeping its people safe and successful. James Griffiths, CNN, "China's censors tried to control the narrative on a hero doctor's death. It backfired terribly.," 7 Feb. 2020 There was a common conviction that China is not about to change its model of authoritarian state capitalism. The Economist, "The West is now surer that China is not about to liberalise," 14 Nov. 2019 China, soon to be the world’s largest economy, practices state capitalism, a system that allows government officials to ensure that economic growth ultimately serves political and national interests. Time, "The American International Order Is Finished," 18 Nov. 2019 Washington is seeking to balance trade flows and curb Beijing’s state capitalism. Emre Peker, WSJ, "EU’s High Trade Surplus With the U.S. Poses Risk to 2018 Tariff Truce," 1 Jan. 2019 And, in contrast to the end of the 17th century, when Peter the Great looked to Europe as the wellspring of progress, Mr Putin can plausibly argue that the future now belongs to China and its system of state capitalism. The Economist, "Partnership is much better for China than it is for Russia," 27 July 2019 Is the future one in which open societies with free markets vie for influence in global affairs with authoritarian countries under state capitalism? K.n.c., The Economist, "Globalisation is dead and we need to invent a world order," 28 June 2019 If nothing else, robust U.S. tariffs could pave the way to a revised Trans-Pacific Partnership which, in turn, might make Beijing realize that state capitalism is no way to run a 21st-century superpower economy. WSJ, "Knife in a Gun Fight Is Better Than Nothing," 22 Oct. 2018 The point is that Sorondo admires the state part of state capitalism. Anchorage Daily News, "Reminders that in China, life is a job," 11 Feb. 2018

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

19 Feb 2020

Cite this Entry

“State capitalism.” Dictionary, Merriam-Webster, Accessed 19 Feb. 2020.

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