Several European students and political economists have used the term to explain one of the three major varieties of capitalism that prevail in the modern context of the European Union. This strategy is principally influenced by Schmidt’s article on The Futures of European Capitalism, in which she divides fashionable European capitalism in three teams, specifically market, managed and state. Here, state capitalism refers to a system the place excessive coordination between the state, giant companies and labour unions ensures financial progress and improvement in a quasi-corporatist model.
Mussolini claimed that dynamic or heroic capitalism and the bourgeoisie could be prevented from degenerating into static capitalism after which supercapitalism provided that the idea of financial individualism had been deserted and if state supervision of the financial system was introduced. Private enterprise would management manufacturing, however it will be supervised by the state. Italian Fascism offered the financial system of corporatism as … Read More