1. Leviathan as capitalist.
- Subjects
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STATE capitalism , *CORPORATE finance , *STOCKHOLDERS , *ORGANIZATIONAL structure , *CRONY capitalism , *PRIVATIZATION , *INTERVENTION (Federal government) , *GOVERNMENT business enterprises - Abstract
The article focuses on the evolution of state capitalism. It talks about state-owned companies in Brazil, China and Russia in which the state is either a majority shareholder or owns a significant minority of shares. It mentions that privatization has mostly ceased in India and Brazil and comments on similarities of state-owned businesses to private corporations. It examines an increase in interventionism for state-owned businesses and warns that state capitalism could become crony capitalism.
- Published
- 2014