What does corporatocracy mean?
Definitions for corporatocracy
cor·po·ra·toc·ra·cy
This dictionary definitions page includes all the possible meanings, example usage and translations of the word corporatocracy.
Wiktionary
corporatocracynoun
Rule by corporations.
Etymology: corporate +
Wikipedia
Corporatocracy
Corporatocracy (, from corporate and Greek: -κρατία, romanized: -kratía, lit. 'domination by'; short form corpocracy) is an economic, political and judicial system controlled by corporations or corporate interests.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. It has been used by critics of globalization, sometimes in conjunction with criticism of the World Bank or unfair lending practices, as well as criticism of free trade agreements. Corporate rule is also a common theme in dystopian science-fiction media.
Wikidata
Corporatocracy
Corporatocracy, not to be confused with Corporatism, is a term used as an economic and political system controlled by corporations or corporate interests. It is a generally pejorative term often used by critics of the current economic situation in a particular country, especially the United States. The term has been used by liberal and left-leaning critics, but also some economic libertarian critics and other political observers across the political spectrum. Economist Jeffrey Sachs described the United States as a corporatocracy in his book The Price of Civilization. He suggested that it arose from four trends: weak national parties and strong political representation of individual districts, the large U.S. military establishment after World War II, big corporate money financing election campaigns, and globalization tilting the balance away from workers. The term was used by author John Perkins in his 2004 book Confessions of an Economic Hit Man, where he described corporatocracy as a collective composed of corporations, banks, and governments. This collective is known as what author C Wright Mills would call the Power Elite. The Power Elite are wealthy individuals who hold prominent positions in Corporatocracies. These individuals control the process of determining society's economic and political policies.
Numerology
Chaldean Numerology
The numerical value of corporatocracy in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of corporatocracy in Pythagorean Numerology is: 9
Translations for corporatocracy
From our Multilingual Translation Dictionary
- KorporatokratieGerman
- chế độ dân chủVietnamese
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"corporatocracy." Definitions.net. STANDS4 LLC, 2024. Web. 8 Dec. 2024. <https://www.definitions.net/definition/corporatocracy>.
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