(noun) An economic system in which the state controls or owns for profit enterprises such as utilities (e.g. water and electricity) and transportation (e.g. buses and trains) or actively supports capitalist interests through market controls.
Audio Pronunciation: (state cap·i·tal·ism)
Download Audio Pronunciation: state capitalism.mp3
- Also called:
- democratic socialism
- Bandelj, Nina. 2010. Economy and State: A Sociological Perspective. Cambridge, United Kingdom: Polity.
- Fine, Bob. 1984. Democracy and the Rule of Law: Liberal Ideals and Marxist Critiques. London: Pluto Press.
- Guest, Robert. 2011. Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism. New York: Palgrave Macmillan.
- Martin, Edward J., and Rodolfo D. Torres. 2004. Savage State: Welfare Capitalism and Inequality. Lanham, MD: Rowman & Littlefield Publishers.
- Nealon, Jeffrey T. 2012. Post-Postmodernism: or, The Cultural Logic of Just-in-Time Capitalism.
- Trigilia, C. 2002. Economic Sociology: State, Market, and Society in Modern Capitalism. Oxford, United Kingdom: Blackwell.