![]() Politicians listen when large corporations speak. Former top corporate executives often hold many of the most powerful cabinet and top agency positions in the executive branch of government. Although corporate political influence became more pronounced under President Ronald Reagan, it has long exercised a heavy hand over the White House, the Congress, and the state governments. Particularly disturbing have been the efforts of the corporations to conscript the political process for their own benefit through their large financial contributions, both legal and illegal. This abuse of power shows itself in many ways. Increasingly, our large corporations have been abusing the awesome power that they have amassed. ![]() the Corporatocracy, CounterPunch (4 January 2016) Corporocratic governance relentlessly promotes public policies favoring corporate interests over the public good-and just as relentlessly stifles policies that might do otherwise. Corporatocracy is directly and exclusively responsible here. The maldistribution of wealth and incomes we suffer could not occur in a functioning democracy: self-governing people would never impoverish the many to enrich the few. De facto plutocrats, these are the country’s richest families whose wealth and incomes, in vivid contrast, are steadily rising. The privileged few are the beneficiaries of corporatocracy: corporate executives and directors, major stockholders, Wall Street bankers and brokers, top-tier Washington lobbyists, holders of inherited wealth, etc.Corporatocracy is a term used to refer to an economic and political system controlled by corporations or corporate interests, as opposed to the people's interests.
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