Current Forms in 21st Century
State capitalism is distinguished from capitalist mixed economies where the state intervenes in markets in order to correct market failures or establish social regulations in the following way: in a state capitalist system, the state operates businesses for the purpose of accumulating capital and directing investment in the framework of either a free-market economy or a mixed-market economy. State and governmental functions are organized as corporations, companies or business enterprises.
Read more about this topic: State Capitalism
Famous quotes containing the words current, forms and/or century:
“You are the current of the frozen stream,
Shadow invisible, ambushed and vigilant flame.”
—Allen Tate (18991979)
“The necessary has never been mans top priority. The passionate pursuit of the nonessential and the extravagant is one of the chief traits of human uniqueness. Unlike other forms of life, mans greatest exertions are made in the pursuit not of necessities but of superfluities.”
—Eric Hoffer (19021983)
“Do not gain basely; base gain is equal to ruin.”
—Hesiod (c. 8th century B.C.)