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Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests. [ 1 ] The concept has been used in explanations of bank bailouts , excessive pay for CEOs , and the exploitation of national treasuries, people, and natural resources . [ 2 ]
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
Historically, where the ability of judicial remedies to combat market power have ended, the legislature of states or the Federal government have still intervened by taking public ownership of an enterprise, or subjecting the industry to sector specific regulation (frequently done, for example, in the cases water, education, energy or health care).
“We have contracts that are under $250,000, which is very small to the federal government, but it could be a huge opportunity for a small minority or disadvantaged business, and those contracts ...
Scholars also noted that big business developed an increasingly close partnership with the Italian Fascist and German Nazi governments after they took power. Business leaders supported the government's political and military goals. In exchange, the government pursued economic policies that maximized the profits of its business allies. [8]
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A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
If you’re a small business owner utilizing microcaptives or have considered the benefit they could bring to your business by mitigating risk, I encourage you to contact your members of Congress ...