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Liberal Capitalism Versus State Capitalism

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  • PAGUBA Cristina Elena

Abstract

After the 2008 financial crises, people`s confidence in liberal capitalism started to fall. In this context, an alternative and vigorous system emerged, state capitalism. There are different types of state capitalism, which extend from the autocratic model of China to a more liberal model of Brazil. In this paper I have presented the advantages and shortcomings of China`s state capitalism, a country that has become the second world power. The future political system seems to be the one that will find the right balance between the economic institutions that generate wealth and the political institutions that regulate and redistribute it.

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  • PAGUBA Cristina Elena, 2012. "Liberal Capitalism Versus State Capitalism," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 589-595.
    • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:589-595
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/suplimente/Volume1-2012.pdf
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