Economic statism promotes the view that the state has a major, necessary and legitimate role in directing the major aspects of the
economy, either directly through
state-owned enterprises and
economic planning of production, or indirectly through
economic interventionism and macro-economic regulation.
State capitalism State capitalism is a form of capitalism that features high concentrations of state-owned commercial enterprises or state direction of an economy based on the accumulation of capital, wage labor and market allocation. In some cases, state capitalism refers to economic policies such as
dirigisme, which existed in
France during the second half of the 20th century and to the present-day economies of the
People's Republic of China and
Singapore, where the government owns controlling shares in
publicly traded companies. Some authors also define the former economies of the
Eastern Bloc and
Soviet Union as constituting a form of state capitalism.
State corporatism State corporatism, corporate statism or simply "corporatism" is a political culture and a form of corporatism whose proposers affirm or believe that corporate groups should form the basis of society and the state. This principle requires that all citizens belong to one of the various officially designated interest groups (usually on the basis of the economic sector), the state also has great control over its citizens.
State interventionism The term statism is sometimes used to refer to
market economies with large amounts of government intervention, regulation or influence over markets. Market economies that feature high degrees of intervention are sometimes referred to as "
mixed economies".
Economic interventionism asserts that the state has a legitimate or necessary role within the framework of a
capitalist economy by intervening in markets, regulating against overreaches of
private sector industry and either providing or subsidizing goods and services not adequately produced by the market.
State socialism State socialism broadly refers to forms of
socialism based on
state ownership of the means of production and state-directed allocation of resources. It is often used in reference to
Soviet-type economic systems of former
communist states and, by extension, those of
North Korea,
Cuba, and the
People's Republic of China. Politically, state socialism is often used to designate any socialist political ideology or movement that advocates for the use of state power for the construction of socialism, or to the belief that the state must be appropriated and used to ensure the success of a
socialist revolution. It is usually used in reference to
Marxist–Leninist socialists who champion a
one-party state. Critics of state socialism argue that its known manifestations in Soviet-model states are merely forms of
state capitalism, claiming that the Soviet model of economics was based upon a process of state-directed
capital accumulation and social hierarchy. == Political statism ==