Definition of "corporatism" [corporatism]

• Political / Economic system in which power is exercised through large organizations (businesses, trade unions, their associated lobbying efforts, etc.) working in concert or conflict with each other; usually with the goal of influencing or subsuming the direction of the state and generally only to benefit their own socioeconomic agendas at the expense of the will of the people, and to the detriment of the common good. (noun)
• The influence of large business corporations in politics. (noun)

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• "Okay, he didn't need to use the term corporatism, he could have used fascism."
• "Political scientists use the term corporatism to describe a practice whereby a state, through the process of licensing and regulating officially-incorporated social, religious, economic, or popular organizations, effectively co-opts their leadership or circumscribes their ability to challenge state authority by establishing the state as the source of their legitimacy, as well as sometimes running them, either directly or indirectly through corporations."
• "Under Hitler and Mussolini, Economic Fascism went under the name corporatism."