Corporatocracy

This article is about the idea of government dominated by corporate business interests. For the functions and interests of the state in a capitalist society, see Capitalist state. For capitalist economies dominated by corporations, see Corporate capitalism.
Not to be confused with corporatism, which is the organization of a society into groups which are determined by their collective common interests.
Protester holding Adbusters' Corporate American Flag at the Second inauguration of George W. Bush in Washington, D.C.

Corporatocracy (/ˌkɔːrpərəˈtɒkrəsi/, from corporate and Greek: -κρατία, romanized: -kratía, lit. 'domination by'; short form corpocracy[1]) is an economic, political and judicial system controlled by business corporations or corporate interests.[2]

The concept has been used in explanations of bank bailouts, excessive pay for CEOs, and the exploitation of national treasuries, people, and natural resources.[3] It has been used by critics of globalization,[4] sometimes in conjunction with criticism of the World Bank[5] or unfair lending practices,[3] as well as criticism of free trade agreements.[4] Corporate rule is also a common theme in dystopian science-fiction media.

  1. ^ https://wordspy.com/index.php?word=corpocracy corpocracy n. A society in which corporations have substantial economic and political power.
  2. ^ "Corporatocracy". Oxford Dictionaries. Archived from the original on May 17, 2012. Retrieved May 29, 2012.
  3. ^ a b John Perkins (March 2, 2011). "Ecuador: Another Victory for the People". Huffington Post. Retrieved 2012-01-04.
  4. ^ a b Roman Haluszka (Nov 12, 2011). "Understanding Occupy's message". Toronto Star. Retrieved 2012-01-04.
  5. ^ Andy Webster (August 14, 2008). "Thoughts on a 'Corporatocracy'". The New York Times. Retrieved 2012-01-04.