State capitalism poses five types of threats to democracy, global security, and the global economy.
One of the fears about state capitalism is that the state’s control of the economy, in democratic nations, will inexorably lead to state control of politics and a reduction in democratic freedoms. These fears are not totally misplaced. But when Western writers, politicians and other opinion leaders examine state capitalism, they tend to take an undifferentiated approach, treating all state capitalists alike, rather than examining each country in some more detail. Read more »