The objective of state capitalism is to control the wealth that markets generate by allowing the government to play a dominant role through public sector companies and politically loyal corporations. Whereas the free market system’s motive of maximizing profits and growth is economic, state capitalism’s goal is political:
to control economic development and thereby maximize the incumbent regime’s chances of survival. It isn’t a coherent philosophy but a set of techniques peculiar to each country.
In New Rules of Globalization, Harvard Business Review, January - Feb, 2014
to control economic development and thereby maximize the incumbent regime’s chances of survival. It isn’t a coherent philosophy but a set of techniques peculiar to each country.
In New Rules of Globalization, Harvard Business Review, January - Feb, 2014
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