state capitalism English

Meaning state capitalism meaning

What does state capitalism mean?

state capitalism

— noun an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production

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Movie subtitles

And the consequences - the birth of the nation-state and the rise of capitalism - would lead to a remarkable reversal of fortunes.

As we'II see, there was more than one killer app, but the one that really started the ball rolling was surely competition - both the main driver of capitalism and of the fragmented European state system.