state capitalism


noun

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

Origin of state capitalism

First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for state capitalism

state capitalism

noun

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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