It is a commonly used name for the system which used to be implemented in former Yugoslavia. The state capitalism system is based on the so-called “workers’ councils”.

State capitalism was the system used during the colonial times when the advanced Western economies controlled Asian and African nations.

It is another name for market economies with very well-developed welfare states, such as Sweden.

It is a system which combines markets, direct or indirect state control over large companies, and a significant degree of state interventionism; it has been evolving e.g. in Russia and China.