Jack Mintz: This year saw the rise of state capitalism in North America. It won't work [Yahoo! Finance Canada]
Intel Corporation (INTC)
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Source: Yahoo! Finance Canada
Increased state involvement in the economy is a departure from both nations' traditional approaches. In Canada, Mark Carney's “nation-building” gives the government a key role in trying to influence economic outcomes. In the United States, the Trump White House's detailed participation in corporate governance marks a transition toward state-directed economic policy. The governments of both countries are conferring advantages on selected companies, frequently benefiting their owners through direct state intervention in corporate decision-making. State capitalism represents a distinct framework, separate from both Marxism and pure capitalism. It involves neither the complete government takeover of the means of production, nor full market autonomy. Instead, it attempts a partnership between the government and private-sector entities in managing economic affairs. There are various forms of state capitalism but all share the core feature of governments leveraging economic influence t
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