noun
modified capitalism
Economic term referring to a capitalist system that incorporates government intervention or social welfare policies to correct market failures.
修正資本主義は、市場の欠点を政府が補う考え方だ。
Modified capitalism is the idea that the government compensates for market shortcomings.
Compound of 修正 (modification) and 資本主義 (capitalism). The term is a direct translation of the English 'modified capitalism'.