What is "corpocracy"

n. 1 A corporate bureaucracy, characterized by ineffective management. 2 A society where the interests of large corporations control economic and political decisions.

Corpocracy /ˌkɔrpɒkrəsi/ coined in 1995 by Nickolas Falvo, is a term used as an economic and political form of Oligarchy that is controlled by corporations, corporate interests, or the wealthy owners of corporations. It is different from both corporatism, which is the organisation of society into groups with common interests, and Corporatocracy, which is an economic and political system controlled by corporations or corporate interests while not being necessarily an Oligarchy.