State capitalism

State capitalism is an economic system characterized by significant government involvement in the economy, blending elements of capitalism with state control. It involves public ownership of certain industries and resources, often seen in countries like China and Russia, where state-owned enterprises coexist with private businesses. This system allows governments to influence economic policies for national interests but can also lead to debates about efficiency, innovation, and individual freedoms.

Key aspects of state capitalism include:

In summary, state capitalism is a nuanced system that balances government control with market forces, offering both stability and efficiency benefits while raising questions about democracy, innovation, and social equity.