Category: Politics, Power, and Governance

Corporatism: A political or economic system in which power is divided between different groups, such as government, business, and sometimes labor groups, to achieve a common goal. It often implies collusion between these entities to manage the economy or society in a coordinated way, sometimes at the expense of individual liberties or competition.

Fascism: Describe this type of government-business relationship. While “fascism” has broader ideological implications, the economic component often involves the merging of state and corporate power, with the government acting indirectly through corporations.

Crony Capitalism: A capitalist economy where businesses gain advantages through close relationships with government officials, often resulting in favoritism, regulatory capture, or other unfair advantages that limit competition and benefit a select few.

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