Joshua Kurlantzick published a comment on Boston Globe called State Inc.  Kurlantzick discusses “authoritarian capitalism,” by which he refers to the countries that have state owned companies and a capitalist economy, such as, China, the United Arab Emirates and Russia.

The author notices that

Over the past 25 years, while keeping firm control over its economy, China has adopted many of the tools of capitalism – ceding some operational power to a Western-trained executive class, inviting foreign investment and partnerships, and buying and selling on the global open market.

Beijing has also selected a range of strategic industries to develop, from oil to telecommunications to automobiles. By creating the state-owned China National Chemical Corporation in 2004, Beijing birthed a plastics manufacturing giant, one that quickly swallowed foreign companies like Qenos, one of the biggest plastics firms in Australia. State-owned Chinese automaker Nanjing Automobile bought up famed British car brand MG Rover, while Huawei, boosted by massive loans from state-linked Chinese banks, has expanded around the globe, even trying to take over US tech giant 3Com, a deal essentially scuttled by Congress.

The article can be found here.