"Our form of capitalism is at a disadvantage compared to state capitalism, " says Mr D'Aveni.
He also serves up by far the best anecdote about the real workings of state capitalism.
How serious a threat does state capitalism pose to the market model of capitalism?
Chinese and Russian businessmen understand, better than any outsider, two facts of life under state capitalism.
FORBES: If State Capitalism Is So Good, Why Are Russian And Chinese Entrepreneurs Fleeing?
If state capitalism is so great, why do its best entrepreneurs want to leave?
FORBES: If State Capitalism Is So Good, Why Are Russian And Chinese Entrepreneurs Fleeing?
State capitalism was touted by Lenin as a positive step on the road to socialism.
FORBES: If State Capitalism Is So Good, Why Are Russian And Chinese Entrepreneurs Fleeing?
Rosneft is a brazen example of Mr Putin's crony state capitalism (see article).
You suggest that state capitalism is not a competent model for regulating state enterprises.
The rise of state capitalism is also undoing many of the assumptions about the effects of globalisation.
For emerging countries wanting to make their mark on the world, state capitalism has an obvious appeal.
Thus the model produces cronyism, inequality and eventually discontent as the Mubaraks' brand of state capitalism did in Egypt.
The invisible hand of the market is giving way to the visible, and often authoritarian, hand of state capitalism.
But the report will also argue that state capitalism is the most formidable foe that liberal capitalism has faced so far.
That system of state capitalism worked when the aim was to copy and adapt other people's ideas in the cheapest way possible.
Instead, what we are seeing is a new system called state capitalism.
America is not losing the innovation race to China or to anybody else, and its state capitalism does not trump our entrepreneurial variety.
The rise of state capitalism cannot usefully be viewed as the sudden success of a business rival who is somehow not playing fair.
Haley is the co-author of the book Subsidies to Chinese Industry: State Capitalism, Business Strategy and Trade Policy by Oxford University Press.
Apart from Singapore, where state capitalism is strong, politicians are usually in hock to fundraisers, which tends to reinforce the advantages of asset-rich insiders.
FORBES: 2013 Forbes Billionaires List: Southeast Asia's Silver Tycoons Creak Into View
There are good reasons for thinking that state capitalism will eventually collapse as a result of what Marxists used to call its internal contradictions.
In a new working paper, Leviathan in Business: Varieties of State Capitalism and Their Implications for Economic Performance, Musacchio and colleague Sergio G.
FORBES: What Capitalists Should Know About State-Owned Enterprises
This special report will cast a sceptical eye on state capitalism.
The favoured political model, authoritarian state capitalism, has not worked and the efforts of Kazakhstan and Turkmenistan to exploit hydrocarbons have been slowed by corruption.
State capitalism works well only when directed by a competent state.
But the consequences of state capitalism will eventually show through, and we will be surprised to learn that Chinese and Russian state capitalism were houses of cards.
FORBES: If State Capitalism Is So Good, Why Are Russian And Chinese Entrepreneurs Fleeing?
Yet it is unclear whether Mr Medvedev's order marks an offensive against Mr Putin's state capitalism or is a cosmetic measure to make it look more civilised.
But a combination of factors huge savings in the emerging world, oil wealth and a loss of confidence in the free-market model has led to a resurgence of state capitalism.
First, it is a powerful reminder, at a time when the Chinese model of state capitalism is gaining adherents, that the free market can still be remarkably innovative.
Economically, Putin's brave new Russia is likely to evolve even further in the direction of state capitalism controlled directly by the Kremlin and assorted sycophants and approved oligarchs.
And everywhere state capitalism favours well-connected insiders over innovative outsiders.
应用推荐