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Today's state-capitalist governments hold huge blocks of shares in their favourite companies.
ECONOMIST: The East India Company
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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.
BBC: Thinking outside the 1930s box
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Most Europeans want to hear reassuring noises about the state taking matters in hand and curbing capitalist excess.
ECONOMIST: Europe and America