State capitalism is distinguished from capitalist mixed economies where the state intervenes in markets in order to correct market failures or establish social regulations in the following way: in a state capitalist system, the state operates businesses for the purpose of accumulating capital and directing investment in the framework of either a free-market economy or a mixed-market economy. State and governmental functions are organized as corporations, companies or business enterprises. The People’s Republic of China is argued by many analysts to be one major example of state capitalism in the 21st century (McNally 2013). Bremmer (2010), too, describes China as the primary driver for the rise of state capitalism as a challenge to the free market economies of the developed world, particularly in the aftermath of the 2008 financial crisis.