noun Date: 1919 concentration of economic controls and planning in the hands of a highly centralized government often extending to government ownership of industry

New Collegiate Dictionary. 2001.

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  • statism — /stay tiz euhm/, n. 1. the principle or policy of concentrating extensive economic, political, and related controls in the state at the cost of individual liberty. 2. support of or belief in the sovereignty of a state, usually a republic. [1600… …   Universalium

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