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.
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.
A new American movement led by U.S. weapons manufacturers, which has spawned a high-profile project known as the Project for the New American Century--a neo-conservativemanifesto which includes in its toolbox the unbridled use of war in clearing a path for U.S. interests. President Bush is merely the figure-head of this dangerous precident.
corporatism is something a lot of people on UD get wrong, it's not rule of the corporations. this misinterpretation happens when people see the prefix "corp" and suffix "ism", and they automatically assume "rule of the corporations" while this is not true. corporatism is third position economics which is rejecting both capitalism and communism. capitalism is made for individualism while corporatism is collectivism. corporatism calls for worker unions and class collaboration, while capitalism does not (inherently).
Chad Corporatist: WHAT? That's not what corporatism is at all, just because you hear "corp" and "ism", doesn't mean it's rule of the corporations. Corporatist is collectivist and advocates for worker rights, but it is anti-communist and anti-capitalist. It still allows private ownership like private property (as a commodity).