guided capitalism

plural guided capitalisms

1. uncountableusuallyeconomicsA capitalist economic system with some variety of state guidance.

   It has been called a policy of "guided capitalism," and seeks to "preserve free enterprise" by numerous large-scale adjustments [....]

   1948, David McCord Wright, Democracy and Progress, page 179

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   ... the difference between socialism and a strategically guided capitalism may be slight, particularly if the emphasis on ownership is found irrelevant.

   1940, Alfred Mitchell Bingham, The United States of Europe, page 181

   Therefore, on the understanding that the essence of the bourgeois economy will be absent from the picture, we may call this system Guided Capitalism.

   1951, Joseph Alois Schumpeter, Essays, page 182

   This chapter examines Japan's guided capitalism, which connotes a major state role in spurring private-sector investment and improved technology [....]

   1995, E. Wayne Nafziger, Learning from the Japanese: Japan's Pre-War Development and the Third World, page 53

   He calls it a guided capitalism. I think of it more as corporate capitalism. Singapore is run much as one would run one of the corporate elephants,

   2003, Charles Handy, The Elephant and the Flea, page 125