led ▁after ▁it , ▁including ▁Ma o ist ▁China , ▁were ▁state ▁capital ist ▁systems . ▁Many ▁sch ol ars ▁also ▁argue ▁that ▁the ▁current ▁People ' s ▁Republic ▁of ▁China ▁constit utes ▁a ▁form ▁of ▁state ▁capital ism . ▁ ▁As ▁a ▁term , ▁state ▁capital ism ▁is ▁also ▁used ▁by ▁some ▁in ▁reference ▁to ▁a ▁private ▁capital ist ▁economy ▁controlled ▁by ▁a ▁state — that ▁is , ▁a ▁private ▁economy ▁that ▁is ▁subject ▁to ▁statist ▁economic ▁planning . ▁This ▁term ▁has ▁been ▁used ▁to ▁describe ▁the ▁controlled ▁econom ies ▁of ▁the ▁Great ▁Pow ers ▁in ▁the ▁First ▁World ▁War . ▁Alternatively , ▁state ▁capital ism ▁may ▁refer ▁to ▁an ▁economic ▁system ▁where ▁the ▁means ▁of ▁production ▁are ▁priv ately ▁owned , ▁but ▁the ▁state ▁has ▁considerable ▁control ▁over ▁the ▁allocation ▁of ▁credit ▁and ▁invest ment , ▁as ▁in ▁the ▁case ▁of ▁France ▁during ▁the ▁period ▁of ▁dirig isme ▁after ▁the ▁Second ▁World ▁War . ▁Other ▁examples ▁include ▁the ▁econom ies ▁of ▁Den mark , ▁Norway ▁and ▁Sweden ▁which ▁have ▁almost ▁equal ▁mi xt ures ▁of ▁private ▁and ▁state ▁ownership . ▁These ▁countries ▁have ▁enough ▁state ▁ownership ▁and ▁reg ulation ▁to ▁be ▁legit imately ▁l abeled ▁forms ▁of ▁dem ocr atic ▁state ▁capital ism . ▁The oret ically , ▁a ▁system ▁that ▁has ▁complete ▁state ▁ownership ▁of ▁the ▁economy ▁but ▁is ▁dem ocr atic ▁would ▁be ▁called ▁dem ocr atic ▁state ▁capital ism . ▁Systems ▁where ▁an ▁author itar ian ▁state ▁has ▁full ▁control ▁of ▁the ▁economy ▁are ▁called ▁author itar ian