statism

noun

stat·​ism ˈstā-ˌti-zəm How to pronounce statism (audio)
: concentration of economic controls and planning in the hands of a highly centralized government often extending to government ownership of industry
… although dictator Augusto Pinochet made it the first Latin American country to steer away from statism in 1982, Chile struggled for seven years before the economy finally soared.Marc Levinson with Tim Padgett
Russia badly needs basic economic reform, not the roller-coaster-like changes between "free market" austerity and old-style statism.Forbes

Examples of statism in a Sentence

Recent Examples on the Web
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In 2024, China will sink deeper into the tar pit of economic stagnation caused by statism and a refusal to embrace free market capitalism. James Rogan, Washington Examiner, 15 Jan. 2024 Such is the peril of the policy choices facing the Chinese government: stability bought with statism today means weaker performance tomorrow that prevents Beijing from making necessary investments in greener growth. Daniel H. Rosen, Foreign Affairs, 10 Apr. 2023 To him, Americans seem to have confused individualism with anti-statism; U.S. policy makers happily throw people into positions of reliance on their families and communities in order to keep the state out. Stephanie H. Murray, The Atlantic, 1 Aug. 2022 That’s what excites national conservatives: the statism. David Harsanyi, National Review, 4 Apr. 2022 See all Example Sentences for statism 

Word History

First Known Use

1890, in the meaning defined above

Time Traveler
The first known use of statism was in 1890

Dictionary Entries Near statism

Cite this Entry

“Statism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/statism. Accessed 29 Nov. 2024.

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