A politico-economic system in which most power is held by large corporations, often mistakenly called capitalism. This is the current governing system of most of the world.
Man, that ain't capitalism. Look at all advantages the big multinationals get. Subsidies and all that shit. They write the laws. What you got is some motherfucking corporatism.
by zachwolff October 16, 2003
Commonly mistaken in the late 20th and early 21st Century as Capitalist Democracy, Corporatism is a "reversed fascist" political structure where Corporations impose policy onto Government.
Corporatism has divested Governments of the ability to control policy, economy, and ultimately the fate of the nation.
by Zuhuhpxy Bullit August 12, 2010