Word of the Day for Saturday, 18 August 2018
1.a society in which corporations have much economic and political power.
2.a corporate bureaucracy.
Whether you are in business or government, you will be members of the same corpocracy. In the West, there are tensions between government and business elites. In China, these elites are part of the same social web, cooperating for mutual enrichment.
-- David Brooks, "The Dictatorship of Talent," New York Times, December 4, 2007
Corpocracy is an unlovely compound noun formed from corporate or corporation plus the common combining form -cracy, ultimately from the Greek combining form -kratía, formed from krátos “strength, power,” and the noun suffix -ía. Corpocracy is not a recent word: it first appears in print in 1935, right smack in the middle of the Great Depression, during FDR’s first term.