State capitalism
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State capitalism is an economic system in which the director(s) of traditional capitalist enterprises are functionaries of the state, such as appointed Party officials in totalitarian states or, in democratic states where the state owns a majority of (or all) shares in an enterprise, where the enterprise director(s) are elected by shareholders.
State capitalism is differentiated from private capitalism in that, in a private capitalist enterprise, the director(s) are elected by investors that have ownership of the enterprise's shares.
Elected or appointed officials
Units of ownership
