Actually existing capitalism
Encyclopedia
Actually existing capitalism or really existing capitalism is a term used mainly by anti-capitalists to refer to economies that do not fit the ideal definition of capitalism
as a laissez-faire free market
economic system, but have significant state intervention and partnerships between private industry and the state.
More commonly, others refer to a mixture of private and state control as mixed economy
.
Capitalism
Capitalism is an economic system that became dominant in the Western world following the demise of feudalism. There is no consensus on the precise definition nor on how the term should be used as a historical category...
as a laissez-faire free market
Free market
A free market is a competitive market where prices are determined by supply and demand. However, the term is also commonly used for markets in which economic intervention and regulation by the state is limited to tax collection, and enforcement of private ownership and contracts...
economic system, but have significant state intervention and partnerships between private industry and the state.
More commonly, others refer to a mixture of private and state control as mixed economy
Mixed economy
Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight, in addition to having a variety...
.