Corporatism (noun)

1. A political and economic system in which corporations, particularly big businesses, play a dominant role in the governance and economic affairs of a country.
2. The control of a society or group by large corporations.

Origin:

Derived from the latin word 'corporare' meaning 'to form into a body.'.

Examples:

1. The rise of corporatism in the 20th century led to increased concentration of wealth and power in the hands of a few large corporations.
2. Many people believe that corporatism is harmful to society as it gives corporations too much power and influence.
3. Critics of corporatism argue that it stifles competition and innovation, leading to a decline in the standard of living for the average person.
4. The corporatism system in Japan has been credited for its role in the country's post-war economic miracle.
5. Many political leaders today are advocating for a return to a more populist and less corporatist economic system.