dirigisme
A policy of strong state control over the economy and related social matters.
countable, uncountable
These agents, for the same distributional and paternalistic reasons that motivated many of the socialist experiments in economic dirigisme, may seek to use political authority to modify, at least in part, the results of the market system.
Where it comes from
Borrowed from French dirigisme, from diriger (“to run, to direct”), from Latin dirigere (“direct, steer”).
Adapted from the Wiktionary entry dirigisme (CC BY-SA 4.0).