Finally, can a system be capitalist if the state takes the majority of GDP?
But the state-capitalist system, he argued, ultimately played a role in precipitating two world wars and Nazism.
SASAC, which holds shares in the biggest companies, is the world's largest controlling shareholder and the state-capitalist institution par excellence.
Western politicians are beginning to lose patience with state-capitalist powers that rig the system in favour of their own companies.
Today's state-capitalist governments hold huge blocks of shares in their favourite companies.
If commodity prices were to fall, forcing these state enterprises to slash expenses like their private-sector brethren, the state-capitalist model might begin to crumble.
This cash has given managers and their political masters tremendous latitude to advance the state-capitalist model without worrying too much about profit and loss.
State-capitalist governments can be capricious, with scant regard for minority shareholders.
Globalised production lines, globalised labour markets, commodity markets, culture - all this acts like social superglue preventing any politician from even contemplating an overt protectionist or state-capitalist response.
Xu Xiaonian, an economics professor at the China-Europe International Business School, was even more strident in his remarks, saying China's state-capitalist model was in fact pioneered by Otto Von Bismarck, the 19th-century statesman credited with uniting Germany.
As long as this legacy goes unquestioned and essentially endorsed by me-too Republicans unable to craft a pro-capitalist message the state of our union will continue to degenerate.
" By this they meant a modified capitalist system, characterized by considerable state intervention and the fabled "social safety net.
Bringing those billions of people to a free and healthy state and into a capitalist and consumer economy is mighty important to business.
The capitalist success story and the Communist state came together to dismiss the report despite past disagreements, most notably over software piracy and the internet market.
Most Europeans want to hear reassuring noises about the state taking matters in hand and curbing capitalist excess.
This requires all state firms to act autonomously and adopt capitalist management and accounting, but without privatisation or adoption of other market mechanisms.
Recently another class has started to emerge, in which the state plays the role of a venture capitalist: local governments invest in or create funds that back companies that they hope will bring both jobs and financial returns.
The main problem, he argues, is that even nominally capitalist systems have, for better and worse, elements of state control.
Burroughs depicts a terminal capitalist world: the deadly deceits of the market, big business, state control and technological terror, and the mass production of mindless subjects.
State-run factories, with assigned jobs for life, are giving way to entrepreneurial capitalist enterprises and foreign joint ventures.
LANSING, Mich. (AP) Michigan's venture capitalist-turned-governor, Rick Snyder, needed just five months in office to slash his state's business taxes.
Free markets are how many libertarians and anarcho-capitalist types have come to think of capitalism, but free markets are capitalism in a pure sense, sans state intervention and cronyism.
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