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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 ]
The term also was used by commentators in numerous newspapers, [16] [17] [18] political publications, [19] [20] and books [21] [22] to describe the first Trump administration. In late 2024, Chicago Mayor Brandon Johnson’s administration was described as a kakistocracy. [23] The term was named word of the year by The Economist in 2024. [24]
[49] [50] Communist society is thus, in theory, stateless, classless, moneyless, — it is usually regarded as the "final form" of a socialist or anarchist society. Despotism A system in which the laws and resources of a nation are controlled by one individual, usually a monarch or dictator , who holds absolute political power.
A business-firm party is modeled off the top-down organizational structure of a corporation [10] [11] as opposed to operating on the basis of internal party democracy. [12] The party structure is related to the older type of elite party , but is even more strongly oligarchic in form, as the political entrepreneur maintains complete control of ...
Political ethics (also known as political morality or public ethics) is the practice of making moral judgments about political action and political agents. [1] It covers two areas: the ethics of process (or the ethics of office), which covers public officials and their methods, [2] [3] and the ethics of policy (or ethics and public policy), which concerns judgments surrounding policies and laws.
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.
The Drunkard's Progress: by Nathaniel Currier 1846, warns that moderate drinking leads, step-by-step, to total disaster.. Moralism is a philosophy that arose in the 19th century that concerns itself with imbuing society with a certain set of morals, usually traditional behaviour, but also "justice, freedom, and equality". [1]
Those utopian socialists, one of the first currents of modern socialist thought, presented visions and outlines for imaginary or futuristic ideal societies, characterized by the establishment of a moral economy, with positive ideals based on moral and ethical grounds being the main reason for moving society in such a direction. [8]