Corporatocracy

Protester holding Adbusters' Corporate American Flag at George W. Bush's 2nd inauguration, Washington, DC

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

The concept has been used in explanations of bank bailouts, excessive pay for CEOs, as well as complaints such as 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. 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.

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