noun
- a political or economic system in which the state plays a dominant or controlling role in organizing society and the economy
Usage: formal; political science term
Examples
- The country's etatism meant that the government controlled most major industries.
- Critics argued that etatism stifled private enterprise and innovation.
- Post-war France adopted a form of etatism to rebuild its economy.
- Etatism contrasts sharply with free-market capitalism.
- Some economists credit etatism with rapid industrialization in certain nations.