The act of government acquiring all or part of private sector businesses, competing directly with private businesses or otherwise interfering with the the economy, usually to it's detriment.
President Obama now owns two auto-manufacturing companies, oil sands and offshore drilling leases, interest in several hundred banks, and enough real estate holdings to make Donald Trump envious, it's an Obamanopoly.
by Let-them-eat-cake October 21, 2009
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