Authoritarian capitalism

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 repression of dissent, restrictions on freedom of speech 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, Singapore under Lee Kuan Yew, and Turkey under Recep Tayyip Erdoğan as well as fascist regimes and military dictatorships during the Cold War. Nazi Germany has also been described as authoritarian capitalist,[4][5][6] especially for its privatization policy in the 1930s.[7]

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]

  1. ^ 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.
  2. ^ a b "Illiberal capitalism". Financial Times. 17 January 2008. Archived from the original on 2 June 2018. Retrieved 28 August 2018.
  3. ^ a b Cite error: The named reference :10 was invoked but never defined (see the help page).
  4. ^ Gat, Azar (August 2007). "The Return of Authoritarian Great Powers". Foreign Affairs. 86 (4). Council on Foreign Relations: 59–69. JSTOR 20032415. Archived from the original on 2 April 2015. Retrieved 19 October 2018.
  5. ^ Fuchs, Christian (29 June 2017). "The Relevance of Franz L. Neumann's Critical Theory in 2017: Anxiety and Politics in the New Age of Authoritarian Capitalism" (PDF). Media, Culture & Society. 40 (5): 779–791. doi:10.1177/0163443718772147. S2CID 149705789. Archived (PDF) from the original on 13 October 2019. Retrieved 8 July 2020.
  6. ^ Fuchs, Christian (27 April 2018). "Authoritarian Capitalism, Authoritarian Movements, Authoritarian Communication" (PDF). TripleC. 15 (2): 637–650. doi:10.1177/0163443718772147. S2CID 149705789. Archived (PDF) from the original on 13 October 2019. Retrieved 8 July 2020.
  7. ^ Bel, Germà (April 2006). "Against the mainstream: Nazi privatization in 1930s Germany" (PDF). Economic History Review. 63 (1). University of Barcelona: 34–55. doi:10.1111/j.1468-0289.2009.00473.x. hdl:2445/11716. S2CID 154486694. Archived (PDF) from the original on 28 December 2019. Retrieved 8 July 2020.

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