statism
noun
stat·ism
ˈstā-ˌti-zəm 
: concentration of economic controls and planning in the hands of a highly centralized government often extending to government ownership of industry
… although dictator Augusto Pinochet made it the first Latin American country to steer away from statism in 1982, Chile struggled for seven years before the economy finally soared.—
Marc Levinson with Tim Padgett
Marc Levinson with Tim PadgettRussia badly needs basic economic reform, not the roller-coaster-like changes between "free market" austerity and old-style statism.—Forbes
ForbesExamples of statism in a Sentence
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My country, Nigeria, was long caught in the throes of statism—and crisis after crisis followed.
—Newsweek Staff, MSNBC Newsweek, 3 June 2025
That has also pushed Canada away from free markets, and back to the statism and protectionism of the Canadian past—which will be to America’s detriment.
—David Frum, The Atlantic, 29 Apr. 2025
In 2024, China will sink deeper into the tar pit of economic stagnation caused by statism and a refusal to embrace free market capitalism.
—James Rogan, Washington Examiner, 15 Jan. 2024
Such is the peril of the policy choices facing the Chinese government: stability bought with statism today means weaker performance tomorrow that prevents Beijing from making necessary investments in greener growth.
—Daniel H. Rosen, Foreign Affairs, 10 Apr. 2023
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Newsweek Staff, MSNBC Newsweek, 3 June 2025
That has also pushed Canada away from free markets, and back to the statism and protectionism of the Canadian past—which will be to America’s detriment.
—David Frum, The Atlantic, 29 Apr. 2025
In 2024, China will sink deeper into the tar pit of economic stagnation caused by statism and a refusal to embrace free market capitalism.
—James Rogan, Washington Examiner, 15 Jan. 2024
Such is the peril of the policy choices facing the Chinese government: stability bought with statism today means weaker performance tomorrow that prevents Beijing from making necessary investments in greener growth.
—Daniel H. Rosen, Foreign Affairs, 10 Apr. 2023
See All Example Sentences for statism
Cite this Entry
“Statism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/statism. Accessed 3 Jul. 2025.
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