corporatism

noun

  1. 1

    A political system in which society is organized into collective interest groups or "bodies" (Latin corpora) which are subservient to the state and act as organs of political representation.

noun

  1. 1

    A form of capitalism in which the government is lobbied by, or generally heavily favors, corporations at the expense of the general populace.

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Corporatism Definition & Meaning | TranslatePulse