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Corporatocracy
Society controlled by business corporations / From Wikipedia, the free encyclopedia
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.
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]
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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.