Business, Management and Accounting
8 years ago

State capitalism reshapes global economies, challenging traditional capitalist beliefs.

State Capitalism, Contentious Politics and Large-Scale Social Change
Vincent Kelly Pollard, David Fasenfest, Peter T. Manicas, Satya Gabriel, Stephen Resnick, Richard D. Wolff, Michael Haynes, Martin Oppenheimer, D. Parthasarathy, Jackie Sheehan, Rumy Hasan, Yuehtsen Juliette Chung

Paper Summary

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State capitalism is a common form of capitalist development in countries like Russia, China, India, and the Philippines. This book challenges the idea that markets and private property are always essential for capitalism to thrive. It argues that state involvement in the economy is actually a normal part of modern capitalism. The extremes of state capitalism may vary, but it has always been a significant factor in shaping economies.