Schumpter @theeconomist argues that State owned enterprises that own significant portions of many of the major companies in their country have found ways to continue to survive and even grow. Schumpter, referencing a new book “Reinventing State Capitalism” says that even though China and Russia own approximately 60% and 35% of their respective stock market capitalizations, some of the new State Owned Enterprises in some ways resemble private sector firms.
State Capitalism or Crony Capitalism?
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Dwight Steward, Ph.D.
Dr. Steward regularly writes and speaks on topics involving business and individual economic damages, employment audits, and the analysis of payroll and time data in wage and hour investigations. Dr. Steward has also held teaching positions at The University of Texas-Austin in the Department of Economics and in the Red McCombs School of Business, The College of Business at Sam Houston State University, and at The University of Iowa. He has taught numerous courses in statistics, corporate finance, labor economics, business policies, managerial economics, and microeconomics. View all posts by Dwight Steward, Ph.D.