Or maybe its corporatistic Socialism?

Who cares?

Part of the problem here is definitional. No mainstream liberal actually wants government to completely seize the means of production, and no mainstream conservative believes that there’s no room for any government regulation or social insurance.

Both sides believe in a "mixed economy" but disagree profoundly about where to draw the line. One definition of social democracy is the peaceful, democratic transition to socialism. A second is simply a large European welfare state where the state owns some, and guides the rest, of the economy. Many liberals yearn for the latter and say so often — but fume when conservatives take them at their word.

Personally, I think socialism is the wrong word for all of this. "Corporatism" — the economic doctrine of fascism — fits better. Under corporatism, all the big players in the economy — big business, unions, interest groups — sit around the table with government at the head, hashing out what they think is best for everyone to the detriment of consumers, markets and entrepreneurs.

Just like this?

Think about what is happening in that moment as PM Putin berates the businessman.

The state is bearing down on private citizens as if it were something quite unconnected with them, with no operational responsibility itself other than to issue Orders – an inexorable force from on high, telling them what to do.

Not merely giving orders. Compelling submission through public humiliation. 

And it works.

Stunning.