I read in Wikipedia that a corporatocracy is when corporations control the government by large campaign ?
contributions and lobbyists. It is perfectly legal. Do you think America is ruled by a corporatocracy?
Yes, more formally known as a plutocracy: rule by the rich.
The plutocratic Founders created the US system as a plutocracy to perpetuate the dominance of their class.
This is why they concocted the monstrosity of the Electoral College.
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“…incoming chairman of the House Financial Services Committee, Republican Spencer Bachus’ instantly notorious pronouncement:
‘My view is that Washington and the regulators are there to serve the banks.’ ”
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http://www.nytimes.com/2010/12/19/opinion/19rich.html
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Paul Krugman, Nobel Laureate: The lunatic fringe is now the heart of the GOP.
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http://www.nytimes.com/2009/12/25/opinion/25krugman.html
"The Koch brothers are now at the heart of GOP power."
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http://articles.latimes.com/2011/feb/06/nation/la-na-koch-brothers-20110206
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Paul Krugman: “The Gop is committed to a bankrupt ideology,” De-Regulation. http://www.nytimes.com/2009/12/14/opinion/14krugman.html
Paul Krugman, Noble Laureate in Econ: The GOP’s “ideology of free-market fundamentalism” caused The Great Recession, [Dec 2007 – June 2009] and was started by the Reagan Admin & continued by Greenspan & Cheney
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http://www.nytimes.com/2010/03/08/opinion/08krugman.html
Paul Krugman: The Reagan Admin cost taxpayers at least $300 billion via deregulation. http://www.nytimes.com/2009/12/14/opinion/14krugman.html?_r=1&em
“Ron Paul who says
‘I don’t think we need regulators,’
is about to take over a key House panel overseeing the Federal Reserve”
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http://www.nytimes.com/2010/12/20/opinion/20krugman.html