Brazilian State Capitalism

Brazilian State Capitalism refers to an economic system where the government plays a significant role in controlling key industries and businesses, often owning or directly influencing major companies. This approach balances market mechanisms with state intervention to promote economic development, stability, and social goals. In Brazil, the government historically intervened in sectors like energy, oil, and banking to guide growth and protect national interests. While it involves private enterprise, state-owned enterprises remain central, aiming to steer the economy strategically rather than purely relying on free-market forces.