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Authoritarian capitalism
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| Capitalism |
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Authoritarian capitalism,[1] or illiberal capitalism,[2] is an economic system in which a capitalist market economy exists alongside an authoritarian government. Related to and overlapping with state capitalism, a system in which the state undertakes commercial activity, authoritarian capitalism combines private property and the functioning of market forces with restrictions on dissent, complete lack of freedom of speech or significant limits on it, and either a lack of elections or an electoral system with a single dominant political party.[1][2][3]
Countries commonly referred to as being authoritarian capitalist states include China since the economic reforms, Hungary under Viktor Orbán, Russia under Vladimir Putin, Chile under Augusto Pinochet, Peru under Alberto Fujimori, Singapore under Lee Kuan Yew, and Turkey under Recep Tayyip Erdoğan as well as military dictatorships during the Cold War.
Political scientists disagree on the long-run sustainability of authoritarian capitalism, with arguments both for and against the long-term viability of political repression alongside a capitalist free-market economic system.[1][3]
- ^ a b c Drezner, Daniel (12 November 2013). "The Mother of All Experiments in Authoritarian Capitalism Is About to Begin". Foreign Policy. Archived from the original on 29 October 2018. Retrieved 4 September 2018.
- ^ a b "Illiberal capitalism". Financial Times. 17 January 2008. Archived from the original on 2 June 2018. Retrieved 28 August 2018.
- ^ a b Cite error: The named reference
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