|Part of the Politics series| |Basic forms of Corporatocracy
(pronunciation: //), not to be confused with Corporatism, is a
term used as an economic and political system controlled by
corporations 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.
The term has been 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. The term was used by author John Perkins in his
2004 book Confessions of an Economic Hit M