economic and political system controlled by corporations or corporate interests
Corporatocracy is a term used to refer to an economic and political system controlled by corporations or corporate interests, as opposed to the people's interests.
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- It is extremely important that We the People force Trump and his band of corporatocracy henchmen to keep the promises we heard in his inaugural address. Let us hear “making America great” as “making America a true democracy!” Let us hear “we are transferring power from Washington, D.C. and giving it back to you, the American People” and “we do not seek to impose our way of life on anyone, but rather to let it shine as an example for everyone to follow” as an echo of Prime Minister Churchill’s contention that a country cannot be both a democracy and an empire.
- The privileged few are the beneficiaries of corporatocracy: corporate executives and directors, major stockholders, Wall Street bankers and brokers, top-tier Washington lobbyists, holders of inherited wealth, etc. De facto plutocrats, these are the country’s richest families whose wealth and incomes, in vivid contrast, are steadily rising... The maldistribution of wealth and incomes we suffer could not occur in a functioning democracy: self-governing people would never impoverish the many to enrich the few... Corporatocracy is directly and exclusively responsible here. Corporocratic governance relentlessly promotes public policies favoring corporate interests over the public good—and just as relentlessly stifles policies that might do otherwise.
- Richard W. Behan in Bernie Sanders vs. the Corporatocracy, CounterPunch (4 January 2016)
- America is losing its democracy as our politicians trade their votes for campaign contributions from the corporate lobbies. We have a corporatocracy rather than a democracy...The Wall Street Journal... is the leading print mouthpiece for the corporatocracy... America’s corporatocracy is governed by vested interests rather than moral or economic principles.... Americans today by large majorities support public education, Medicare, Social Security, help for the indigent, stronger regulation of the banks, and higher taxation of the rich. The problem is... with the failure of our government to translate American values into American policies.
- It is a myth that the United States of America was ever a democracy (most of the famous founder elite such as John Adams equated democracy with mob rule and wanted no part of it). The United States of America was actually created as a republic, in which Americans were supposed to have power through representatives who were supposed to actually represent the American people. The truth today, however, is that the United States is neither a democracy nor a republic. Americans are ruled by a corporatocracy: a partnership of “too-big-to-fail” corporations, the extremely wealthy elite, and corporate-collaborator government officials.
- In the U.S. corporatocracy, corporations and the wealthy elite directly and indirectly finance candidates, who are then indebted to them. It’s common for these indebted government officials to appoint to key decision-making roles those friendly to corporations, including executives from these corporations... The United States is not ruled by a single deranged dictator but by an impersonal corporatocracy. Thus, there is no one tyrant that Americans can first hate and then finally overthrow so as to end senseless wars and economic injustices.... he first step in recovering democracy is the psychological courage to face the humiliation that we Americans have neither a democracy nor a republic but are in fact ruled by a partnership of “too-big-to-fail” corporations, the extremely wealthy elite, and corporate-collaborator government officials.