Concept
State-owned enterprise
Overview
A state-owned enterprise (SOE) or government-owned enterprise is a business entity created or owned by a central or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives.
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
Found by search and not yet checked by a person; they may only mention the idea in passing.
When those companies do not trade upon a joint stock, but are obliged to admit any person, properly qualified, upon paying a certain fine, and agreeing to submit to the regulations of the company, each member trading upon his own stock, and at his own risk, they are called regulated companies. When they trade upon a joint stock, each member sharing in the common profit or loss, in proportion to his share in this…
Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
States what State-owned enterprise is.
In our own day, a special field has been opened within which corruption may flourish, in the development of public utility companies. Railways, city transportation systems, telegraph and telephone systems, the distribution of water and light, require public franchises, for they either employ public highways or they call upon the State to exercise its power of eminent domain. These enterprises can be carried on…
John Dewey, Ethics
Close in meaning to State-owned enterprise; the term itself is not named.
It is this kind that has been emphasized by socialists. The law creates or facilitates monopolies, and monopolies are able to exact a toll from the community. The most glaring example is the private ownership of land. Railways are at present controlled by the State, since rates are fixed by law; and it is clear that if they were uncontrolled, they would acquire a dangerous degree of power.[9] Such considerations, if…
Bertrand Russell, Why Men Fight
Close in meaning to State-owned enterprise; the term itself is not named.
Related ideas
- Government
- India
- Western Europe
- United States
- Saudi Arabia
- Malaysia
- Oxford University Press
- The Economist
- Cambridge University Press
- Routledge
- Eastern Bloc
- Commanding heights of the economy
Place in the tradition
Part of Social democracy.