I see. So it’s like capitalism but state is owner and everyone in country is shareholder (at least on paper). As opposed to having smaller subset of shareholder

I see. So it’s like capitalism but state is owner and everyone in country is shareholder (at least on paper). As opposed to having smaller subset of shareholders. This is not uncommon, even in countries that don’t promote themselves as socialist. At least in Russia many companies are state owned. And in recent years even more nationalized to become state owned. And big companies that are not state owned still have a lot of control from state (like media companies).