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It has been suggested that the concept of state capitalism can be traced back to Mikhail Bakunin's critique during the First International of the potential for state exploitation under Marxist-inspired socialism, or to Jan Wacław Machajski's argument in The Intellectual Worker (1905) that socialism was a movement of the intelligentsia as a ...
Welfare capitalism was also used as a way to resist government regulation of markets, independent labor union organizing, and the emergence of a welfare state. Welfare capitalists went to great lengths to quash independent trade union organizing, strikes , and other expressions of labor collectivism—through a combination of violent ...
There was the laissez-faire capitalism of the late 19th century and the early 20th century, but that was too ruthless with no welfare state, and very sharp swings in the economic cycle with the ...
State capitalism is a capitalist market economy dominated by state-owned enterprises, where the state enterprises are organized as commercial, profit-seeking businesses. The designation has been used broadly throughout the 20th century to designate a number of different economic forms, ranging from state-ownership in market economies to the ...
Authoritarian capitalism, [1] or illiberal capitalism, [2] is an economic system in which a capitalist market economy exists alongside an authoritarian government.Related to and overlapping with state capitalism, a system in which the state undertakes commercial activity, authoritarian capitalism combines private property and the functioning of market forces with restrictions on dissent ...
Different normative theories exist on the necessary and appropriate function of the state in a capitalist economy, with proponents of laissez-faire favoring a state limited to the provision of public goods and safeguarding private property rights while proponents of interventionism stress the importance of regulation, intervention and ...
Nine of the country’s top 10 wind developers are owned by the government, and such state-owned players control in excess of 95 percent of the market. Moreover, the state is far from being a ...
When a small state-connected minority controls much of the nation's wealth—and maintains its grip on power by outlawing dissent and cheating in elections—then the ruling ideology is socialism ...