etatism

/eɪˈtɑːtɪzəm/
noun
  1. A political system or philosophy in which the state has central control over social and economic affairs.
    • Critics argue that excessive etatism stifles individual initiative.
    • The country's shift toward etatism led to the nationalization of major industries.
    • Etatism was a key feature of the government's post-war reconstruction plan.
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