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Corporatocracy , is a term used as an economic and political system controlled by corporations and/or corporate interests. It is a generally pejorative term often used by critics of the current economic situation in a particular country, especially the United States. This is different from corporatism, which is the organisation of society into groups with common interests. Corporatocracy as a term is often used by liberal and left-leaning critics, but also some economic libertarian critics and other political observers across the political spectrum.〔 Economist Jeffrey Sachs described the United States as a corporatocracy in his book ''The Price of Civilization''. He suggested that it arose from four trends: weak national parties and strong political representation of individual districts, the large U.S. military establishment after World War II, big corporate money financing election campaigns, and globalization tilting the balance away from workers.〔 This collective is what author C Wright Mills called the Power Elite, wealthy individuals who hold prominent positions in corporatocracies. They control the process of determining a society's economic and political policies. The concept has been used in explanations of bank bailouts, excessive pay for CEOs, as well as complaints such as the exploitation of national treasuries, people, and natural resources.〔 It has been used by critics of globalization, sometimes in conjunction with criticism of the World Bank or unfair lending practices, as well as criticism of "free trade agreements".〔 ==Characteristics== Edmund Phelps, published an analysis in 2010 theorizing that the cause of income inequality is not free market capitalism, but instead is the result of the rise of corporatism.〔(Capitalism vs Corporatism - Edmund Phelps ) ''Columbia University.'' January 11, 2010).〕 Corporatism, in his view, is the antithesis of free market capitalism. It is characterized by semi-monopolistic organizations and banks, big employer confederations, often acting with complicit state institutions in ways that discourage (or block) the natural workings of a free economy. The primary effects of corporatism are the consolidation of economic power and wealth with end results being the attrition of entrepreneurial and free market dynamism. His follow-up book, ''Mass Flourishing'', further defines corporatism by the following attributes: power-sharing between government and large corporations (exemplified in the U.S. by widening government power in areas such as financial services, healthcare, and energy through regulation), an expansion of corporate lobbying and campaign support in exchange for government reciprocity, escalation in the growth and influence of financial and banking sectors, increased consolidation of the corporate landscape through merger and acquisition (with ensuing increases in corporate executive compensation), increased potential for corporate/government corruption and malfeasance, and a lack of entrepreneurial and small business development leading to lethargic and stagnant economic conditions. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「corporatocracy」の詳細全文を読む スポンサード リンク
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