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state capitalism

noun
  1. a form of capitalism in which the central government controls most of the capital, industry, natural resources, etc.
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Origin of state capitalism

First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for state capitalism

state capitalism

noun
  1. a form of capitalism in which the state owns or controls most of the means of production and other capital: often very similar to state socialism
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012