Not to be confused with Capitalist Communism and Dengism.
State Capitalism (condensed to StateCap and also known as Dirigisme) is an economic system where the state plays an active role in business or commercial activity. This can be direct in the form of state-owned enterprises or companies where the state has controlling shares, in an indirect form of the state planning through government agencies organized along for-profit and business management lines, or through state-sponsored private business activities. If the state owns or controls all the means of production or is the primary shareholder, this is called state monopoly capitalism (StateMoCap). State capitalism is usually seen as economically center since it denies the means of production to workers, yet is often collectivist in nature.
Dirigisme (from French diriger 'to direct') is an economic doctrine in which the state plays a strong directive (policies) role contrary to a merely regulatory interventionist role over a market economy. As an economic doctrine, dirigisme is the opposite of laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies) to incentivize market entities to fulfill state economic objectives.
Socialism with Chinese Characteristics
Socialism with Chinese Characteristics is a set of political theories and policies of the Chinese Communist Party that are seen by their proponents as representing Marxism-Leninism adapted to Chinese circumstances and specific time periods, consisting of Deng Xiaoping Theory, Three Represents, Scientific Outlook on Development, and Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.
East Asian Model
The East Asian model pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the private sector. It generally refers to the model of development pursued in East Asian economies such as Japan, South Korea and Taiwan. It has also been used by some to describe the contemporary economic system in Mainland China after Deng Xiaoping's economic reforms during the late 1970s and the current economic system of Vietnam after its Đổi Mới policy was implemented in 1986.
State Capitalism is not a formal ideology with unifying theory, nor was it used in a self descriptive term. State Capitalism is believed by some to have first been used and coined, by Friedrich Engels, in his and Marx's book "Socialism: Utopic and Scientific". It was later on also used by many Anarchists, Left Communists, and Council Communists, in criticism of the USSR.
In the modern day state capitalism has been used to described countries like Taiwan, South Korea, and China. Critics of United States, such as Noam Chomsky, believe it is state capitalist since government backs big business interests while playing a substantial role in development (e.g., bailouts and public research respectively). Libertarian socialists also describe the Soviet Union as state capitalist for centralizing surplus value extraction and commodity production; anti-revisionist Marxist-Leninists would erroneously apply this criticism to the Khrushchev administration and later administrations.
Before World War II, France had a capitalist economic system with many small, family-owned companies that were not as efficient as larger industrial groups in other countries like Germany and the United States . The war devastated France, with industries and infrastructure being destroyed or seized by Germany , and the country facing the prospect of long-term rationing in the aftermath. Some French businesses and politicians lost credibility after collaborating with the German occupiers during the war.
After the war, French governments of all political stripes sought to modernize and develop the country's economy, with the goal of matching the advanced economy of the United States. The French government implemented dirigisme, a policy of strong government intervention in the economy , to achieve this goal. This policy approach was accompanied by the development of Meritocracy and Technocracy , with elite state-trained administrators and engineers taking leadership roles in industry.
During the 1945-1975 period, known as the "Glorious Thirty," France experienced significant economic growth and a population boom. Dirigisme was supported by conservative governments led by Charles de Gaulle and Georges Pompidou , and seen as a compromise between American policies of minimal government intervention and Soviet policies of total state control. In 1981, Socialist president François Mitterrand was elected and pursued dirigisme policies, including nationalizing industries and banks . However, economic difficulties and inflation led the government to abandon dirigisme in 1983 and adopt austerity measures instead. Dirigisme has not been widely supported by subsequent French governments, though some elements of it remain in place.
State Capitalism can take on many forms, both theoretical and material, as it did historically.
- Industries being ran as private enterprises with the State being the primary or sole shareholder.
- State direction or control of investment, either indirectly (e.g., contracts) or directly (like sovereign wealth funds).
- "Privatization" of the State so it operates as a single, for-profit economic monopoly.
- Implementing decentral or central planning while maintaining private resource ownership and markets.
- A strong, for-profit public sector co-exists and/or competes with the private sector.
- Any combination of these.
How to DrawThe symbol of State Capitalism comes from a post on the r/vexillology subreddit by SekaiDarkness called "Flag of State Capitalism/Corporatism", the flag is supposed to symbolise an in between of capitalism and communism.
- Draw a ball and color the inside burnt orange or drab red.
- Draw a yellow left-facing cent symbol (¢) and a yellow arrow crossed through it.
- Draw the eyes.
- Dengism - You carry my ideas so well!
- Neocameralism - Pretty much me but a bit more private.
- Cameralism - State-owned economy gang!
- Nordic Model - A one trillion dollar sovereign wealth fund? Truly beautiful!
- Corporatism - Thanks for teaching me all I know but why don't you call yourself state capitalist?
- Social Authoritarianism - Fellow regulated economy fan, we sometimes overlap.
- Social Corporatism - Best of Both worlds.
- Monarcho-Capitalism - I love Saudi Aramco!
- Afunism - "The ZAMINT government must have input on the market to make sure that the nation as a whole is always benefiting."
- Capitalist Communism - I admit that I borrow elements from both, but only the good parts.
- Mercantilism - Even he thinks I'm too statist & that's says a lot.
- Corporatocracy - Basically me, but with more focus on pleasing the rich.
- State Socialism - My confused brother in denial. But countries such as Brazil and Iraq prospered in the past because of effective centralization
and economic bureaucracy.
- Authoritarian Capitalism - Not regulatory enough. Although Morales-Bermúdez did good when partially keeping the Velascoist economy, but without the leftist stuff (I am an economic centrist anyway), unlike those Fujimorists who derregulated the economy.
- Progress Party - A bit anti-statist for my taste but hey he really likes the oil fund.
- Market Socialism - Literally my opposite.
- Distributism - Similar to the guy above.
- Anarcho-Communism - Calls any "socialist" state he dislikes me.
- Mutualism - Not wanting decentralized forces of production does not make me a fascist!
- Anarcho-Capitalism - Privatisation of industry?! And fuck your deregulations, Anarkiddy!
- Anarchism - Anarchy? CRINGE!
- Agorism - Black markets? CRINGE!
- State capitalism
- Socialism with Chinese characteristics
- State monopoly capitalism
- State-owned enterprise
- Sovereign wealth fund
- Economy of China
- Lotteries in the United States