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Statism vs Mercantilism - What's the difference?

statism | mercantilism |

As nouns the difference between statism and mercantilism

is that statism is the belief that the centralization of power in a state (sovereign polity) is the ideal or best way to organize humanity while mercantilism is an economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable".

statism

English

Noun

(-)
  • The belief that the centralization of power in a state (sovereign polity) is the ideal or best way to organize humanity.

    • Related terms

    * * dirigist

    mercantilism

    English

    Noun

    (-) (wikipedia mercantilism)
  • An economic theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable".