The Rise of Innovative State Capitalism – Businessweek

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Link: The Rise of Innovative State Capitalism – Businessweek

Brazil is perhaps the best current example of how a state-capitalist system can build innovative industries. Successive Brazilian governments have intervened—with incentives, loans, and subsidies—to promote industries that otherwise would have needed long-term private investment to make them competitive with U.S. and European rivals. At the same time, Brazil preserved strong, independent management of state-backed firms, ensuring they did not become political boondoggles. October 05, 2012 at 09:59AM

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