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.
- 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)
- Increasingly, our large corporations have been abusing the awesome power that they have amassed. [...] This abuse of power shows itself in many ways. Particularly disturbing have been the efforts of the corporations to conscript the political process for their own benefit through their large financial contributions, both legal and illegal. Although corporate political influence became more pronounced under President Ronald Reagan, it has long exercised a heavy hand over the White House, the Congress, and the state governments. Former top corporate executives often hold many of the most powerful cabinet and top agency positions in the executive branch of government. Politicians listen when large corporations speak. They have enormous advantages in influencing political decision-makers.
- Democratic socialist Bernie Sanders received the most votes in the first three primary elections. After centrist Joe Biden scored his first primary win, the DNC consolidated the Democratic Party establishment around him. Candidates... immediately dropped out of the race and endorsed Biden... The party bosses likely wanted to ensure that Sanders would not upend the corporate order... At the March 15 debate with Biden, Sanders asked the rhetorical question: Where is the power in America?...“Who owns the media? Who owns the economy? Who owns the legislative process? Why do we give tax breaks to billionaires and not raise the minimum wage? Why do we pump up the oil industry while a half a million people are homeless in America?”
- 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.
- Bail out the people, not the corporations. Bail out the living world, not its destroyers. Let’s not waste our second chance.
- I realized that my gloss as chief economist, head of Economics and Regional Planning... was part of a sinister system aimed not at outfoxing an unsuspecting customer, but rather at promoting the most subtle and effective form of imperialism the world has ever known.... The march had begun and it was rapidly encircling the planet. The hoods had discarded their leather jackets, dressed up in business suits, and taken on an air of respectability. Men and women were descending from corporate headquarters in New York, Chicago, San Francisco, London, and Tokyo, streaming across every continent to convince corrupt politicians to allow their countries to be shackled to the corporatocracy, and to induce desperate people to sell their bodies to sweatshops and assembly lines. It was disturbing to understand that the unspoken details behind the written words of my resume and of that article defined a world of smoke and mirrors intended to keep us all shackled to a system that is morally repugnant and ultimately self-destructive.
- Reagan...was most definitely a global empire builder, a servant of the corporatocracy. At the time of his election, I found it fitting that he was a Hollywood actor, a man who had followed orders passed down from moguls, who knew how to take direction. That would be his signature. He would cater to the men who shuttled back and forth from corporate CEO offices to bank boards and into the halls of government. He would serve the men who appeared to serve him but who in fact ran the government — men like Vice President George H . W. Bush, Secretary of State George Shultz, Secretary of Defense Caspar Weinberger, Richard Cheney; Richard Helms, and Robert McNamara. He would advocate what those men wanted: an America that controlled the world and all its resources, a world that answered to the commands of that America, a U.S. military that would enforce the rules as they were written by America, and an international trade and banking system that supported America as CEO of the global empire.
- 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.
- 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.