A Corporatocracy is a form of government where corporations, conglomerates or government entities with private components, control the direction and governance of a country.
This belief has two factors: campaign finance and special interests, also includes government ownership.
First, corporations provide financial support to competing political parties and major political party candidates. This allows the corporations to hedge their bets on the outcome of an election so that they are assured to have a winner who is en-debted to them. As politicians are increasingly dependent on campaign contributions to become elected, their objectiveness on issues which concern corporate interests is compromised.
Second, in many cases former corporate executives are appointed as powerful decision makers within government institutions. They are often charged with the regulation of their former or future employers. Government employees who collude with corporations often accept high ranking positions within corporations once they have demonstrated their commitment to serve the corporate interest. These lucrative offers provide incentive for government employees to serve special interests as well as provides their new employers with access to governmental decision makers. This is known as the “revolving door” between corporations and the institutions established to regulate their behavior; and can lead to regulatory capture. (read more) (additional reading)