state capitalism

(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

Usage Notes:

  • Also called:
    • democratic socialism
    • etatisme

Additional Information:

Related Terms: 

 


References