What is authoritarian capitalism?

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Authoritarian capitalism is characterised by the enforcement or advocacy of strict obedience to the authority of the state at the expense of personal freedom coupled with an economic system in which trade and industry are controlled by private owners for profit, rather than by the state.

Authoritarian capitalism tends toward a partnership of government and big business in which the state intervenes on behalf of large capitalists against the interests of consumers. Like other forms of authoritarianism, it also rejects liberal concepts such as freedom of assembly, habeas corpus, and freedom of expression.

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