Corporatocracy Information
Corporatocracy, in social theories that focus on conflicts and opposing interests within society, denotes a system of government that serves the interest of, and may be run by, corporations and involves ties between government and business. Where corporations, conglomerates, and/or government entities with private components, control the direction and governance of a country, including carrying out economic planning notwithstanding the 'free market' label.[1]
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Concept
The concept of corporatocracy is that corporations - to a significant extent - have massive power over governments, including those governments nominally elected by the people, and that they exercise such power via corporate monopolies and mergers and by their enormous, concentrated economic power which, by recent economic crises, allows them the luxury of saying "we are too big to fail" and by legal in-the-open mechanisms (lobbyists, campaign contributions to office holders and candidates, threats to leave the state or country for another with less oversight and more subsidies, etc). Oliver Stone captured "Wall Street, you know, you could say..runs the world. Wall Street, the pharmaceutical lobbies, the oil lobbies, they run our government"[2]
Usage
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- U.S. President Dwight D. Eisenhower himself argued against the strengthening corporatocracy in the form of a military-industrial complex that sets national and international financial, economic, political and military policies due to a permanent war economy.
- In his 2004 book Confessions of an Economic Hit Man, John Perkins writes; "corporations, banks, and governments (collectively the corporatocracy)".
- The concept of a government run by corporations or instances where governments are actually weaker (politically, financially, and militarily) than corporations is a theme often used in both political fiction and science fiction. In these instances the dominant corporate entity is usually dubbed a "megacorporation".
See also
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Notes
1. John Perkins, "Confessions of an Economic Hitman," page xiii, Berrett-Koehler Publishers (November 9, 2004)
- ^ Understanding Social Problems. Cengage Lerning. 2009. p. 256.
- ^ Academy Award-Winning Filmmaker Oliver Stone Tackles Latin America’s Political Upheaval in "South of the Border", US Financial Crisis in Sequel to Iconic "Wall Street"
External links
- John Perkins (author) lecture on Corporatocracy
- Dave Johnson, Huffington Post, Monopoly Corporatocracy Replaces Democracy
- Keith Harrington, Huffington Post, The BP Spill: Corporatocracy Ground Zero?
- John Perkins (author), Huffington Post, Battle the Corporatocracy by Demanding Sustainability
- Andy Webster, New York Times, Thoughts on a ‘Corporatocracy’
- Prop 14 is 'Corporatocracy' says Green Party candidate, Linda Piera-Avila for Santa Monica City Council on issues
- Understanding Social Problems by Von Linda A. Mooney, David Knox, Caroline Schacht
- Teaching for Democracy in an Age of Corporatocracy by Christine E. Sleeter, Teachers College, Columbia University.
- Crimes of Globalization: The Impact of U.S. Corporatocracy in Third World Countries by John Flores-Hidones
Categories: Forms of government | Corporatism
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