State capitalism is not simply an economic system. In times of crisis, state officials will use state-run companies and investment vehicles to defend state interests even at the expense of their economic performance. What about the long-term viability of state capitalism in those places where they are exists? Are Russian, Chinese, or Gulf Arab state-owned enterprises becoming more competitive as part of some sort of “State Capitalism? If they are outgrowing the need for state support, does that not imply that this form of state capitalism is not sustainable and therefore not a viable long-term alternative?

Source: Ethiopian News June 06, 2022 10:36 UTC