What makes a capitalist system authoritarian?
Our study provides a new conceptualisation of state capitalism that allows us to distinguish when state intervention is problematic from a liberal democratic standpoint and when it is not. Specifically, our study provides two important insights for policymakers, practitioners, and activists at a time when defending liberal democracy against authoritarianism has become a pressing issue, but when the desirability of a minimalist economic role of the state has lost its appeal.