What does corporatism mean?
A system of organization where large businesses have significant influence over the government, often to the detriment of the general public. This can involve close ties between business leaders and politicians, and may result in policies that favor corporate interests over those of the public.
Example
"The rise of corporatism in the country led to widespread criticism of the government's close ties with big business."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.