strategy

State capitalism

Description:
Owning the means of production by the state, rather than by individuals. This complex of economic measures is often used as a means to accelerate a country's economic development from small-scale and subsistence production to large-scale machine production, while developing the necessary organizational and managerial skills among the workforce.
Implementation:
State capitalism was the form used by the German Democratic Republic, the Korean Democratic People's Republic and the Democratic Republic of Vietnam to transit into their communist regimes. In so-called "developing" economies such as Egypt, India and Burma, state capitalism has been used to accelerate national economic development.
Claim:
State capitalism and municipal or local government capitalism can be an important transitional strategy in the movement for social change.
Counter Claim:
State capitalism is an inefficient economic system with high levels of corruption possible.
Problems:

Subjects:
Government Nation state
Type Classification:
D: Detailed strategies
Related UN Sustainable Development Goals:
GOAL 16: Peace and Justice Strong Institutions