In state-guided capitalism, the government decides which sectors will grow. Initially motivated by a desire to foster growth, this type of capitalism has several pitfalls: excessive investment, picking the wrong winners, susceptibility to corruption, and difficulty withdrawing support when it is no longer appropriate.
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1948, David McCord Wright, Democracy and Progress , page 179: It has been called a policy of "guided capitalism," and seeks to "preserve free enterprise" by ...
Guided-capitalism definition: (economics) A capitalist economic system with some variety of state guidance.
A state-capitalist country is one where the government controls the economy and essentially acts as a single huge corporation, extracting surplus value from the ...
They first describe bad systems in which national economies are formed by way of state‐guided capitalism in which national governments pick winning firms, ...
Jan 22, 2012 · The only reason the government is still involved in procuring some agricultural surpluses and setting the price at which they can be sold is not ...
The government began such large-scale economic enterprises as coal mining and shipbuilding and later sold them to private interests. Meiji leaders also engaged ...
Apr 5, 2024 · Thus, modern capitalism is capitalism as ... guided capitalism, oligarchic capitalism, big-firm capitalism, and entrepreneurial capitalism.
Feb 2, 2024 · The primary issue in Indonesia is that private companies control and possess energy resources, prioritizing profit over the people's welfare ...
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... guided capitalism (such as agricultural subsidies). State-guided capitalism suffers because people overestimate government's ability to manage economies, it ...