Definition of state capitalism in English:

state capitalism


mass noun
  • A political system in which the state has control of production and the use of capital.

    • ‘Its exponents want a modernising revolution from above, pioneered by both business and the government, promoting state capitalism.’
    • ‘There are debates to be had among revolutionaries and socialists, for example on the permanent revolution, or on state capitalism.’
    • ‘He did not step up economic liberalization, professing a policy of state capitalism.’
    • ‘What Chirac (and a large portion of the French Left) are calling for is a form of welfare state capitalism that is distinctively French.’
    • ‘It is difficult to see how, under the conditions of capitalist globalization, African socialism could be much more than a form of state capitalism where bureaucracies try to run the economy with very limited resources.’