Benn Steil

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Emergence of State Capitalism

by
September 8, 2008

After years of celebrating the triumph of market capitalism, many of its advocates today are troubled by the emergence of ‘state capitalism’, particularly in the form of sovereign wealth funds. How should liberal capitalism respond when autocracy is the highest bidder? Is autocratic ownership dangerous to economic robustness?

Wolf: The Brave New World of State Capitalism
Summers: Funds That Shake Capitalist Logic
Ferguson: An Ottoman Warning for Indebted America
Drezner: The Emergent Regime for Sovereign Wealth Funds

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