1. a political or economic system in which power is given to corporate groups rather than individuals
Usage: political science
2. the control of a state or organization by large interest groups

Examples

• Critics argue that corporatism has replaced true democratic governance.
• The rise of corporatism has shifted power away from individual voters.
• Some economists view corporatism as a threat to free market competition.
• The country’s corporatist system gave major industries significant political influence.
• Labor unions and business groups both participated in the corporatist framework.
• Many citizens felt excluded by the corporatism that dominated policy-making.