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Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests. [ 1 ] The concept has been used in explanations of bank bailouts , excessive pay for CEOs , and the exploitation of national treasuries, people, and natural resources . [ 2 ]
Corporatism is a political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests.
Corporatocracy — a government dominated by business interests, often mistaken for corporatism. East Asian Miracle — an economic transformation in East and Southeast Asian countries. Fascism — a political ideology that sometimes includes corporate statism as a component. Miracle on the Han River — an economic transformation in South Korea.
CEOs cite the need to downsize in a rough economy, but it seems corporations are doing better than ever.
Conservative commentator Ben Shapiro prefers to equate this problem with terms such as corporatocracy or corporatism, considered "a modern form of mercantilism", [58] to emphasize that the only way to run a profitable business in such a system is to have help from corrupt government officials.
Regulation takes the onus off of Big Tech to make important decisions about how they operate their services while ensuring there’s a single piece of legislation that governs the use of AI across ...
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
The difficulty of this process is why lots of ink has been spilled—and lots of dollars have been spent—on getting it right. Still, few examples of what success looks like stand out. Effective ...