Problem:
State Capitalism can boast of having some of the most powerful companies on the planet. Examples include Russia's Gazprom, the world's biggest natural-gas company, and China Mobile, a Chinese company with 600 million customers. Do you think state ownership and control of companies (like the aforementioned examples) in emerging markets is an effective method of corporate governance given that they are backed by the all powerful state but behave like private-sector multinational corporations?