On a more realistic level we tend to miss that Developmentalism and economic liberalism are two forms of capitalism. Yes Dear readers, capitalist societies will either be developmental or liberal depending on how they set their major institutions, namely the state and the market. Economic liberalism gives full primacy to an idealized free market, while developmentalism brings into play both state and market (supposedly) in a more balanced way. One more thing, a developmental state is oriented towards social democracy, because it will limit the capacity of the rich to capture the state and buy prestige, political power and privilege. Between developmental capitalism and liberal capitalism there is a grey area.

Source: Ethiopian News April 02, 2019 14:15 UTC