Corporatocracy a term used being an economic and political system controlled simply by corporations or company interests. It is usually a generally pejorative term often utilized by critics of the current economic situation in the particular country, especially north america. This is distinctive from corporatism, which could be the organisation of culture into groups along with common interests. Corporatocracy as a term tends to be used by generous and left-leaning critics, but some economic libertarian critics along with political observers over the political spectrum.