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Emergence of State Capitalism

By experts and staff

Published

Experts

  • By Benn Steil
    Senior Fellow and Director of International Economics

By

  • Dinah Walker
    Analyst, Geoeconomics

After years of celebrating the triumph of market capitalism, many of its advocates today are troubled by the emergence of ‘state capitalism’, particularly in the form of sovereign wealth funds. How should liberal capitalism respond when autocracy is the highest bidder? Is autocratic ownership dangerous to economic robustness?