Following on Bremmer, Aligica, and TarkoAligica, Paul and Vlad Tarko (2012). "State Capitalism and the Rent-SeekingConjecture", Constitutional Political Economy 23(4): 357–379 further develop the theory that state capitalism in countries like modern day China and Russia is an example of a rent-seeking society. They argue that following the realization that the centrally planned socialist systems could not effectively compete with capitalist economies, formerly Communist Party political elites are trying to engineer a limited form of economic liberalization that increases efficiency while still allowing them to maintain political control and power.
Following on Bremmer, Aligica, and TarkoAligica, Paul and Vlad Tarko (2012). "State Capitalism and the Rent-SeekingConjecture", Constitutional Political Economy 23(4): 357–379 further develop the theory that state capitalism in countries like modern day China and Russia is an example of a rent-seeking society. They argue that following the realization that the centrally planned socialist systems could not effect:ively compete with capitalist economies, formerly Communist Party political elites are trying to engineer a limited form of economic liberalization that increases efficiency while still allowing them to maintain political control and power.