The Third Corporatocracy

The Third Corporatocracy refers to a phase in global economic history where transnational corporations dominate decision-making, influence politics, and shape societal priorities more than governments or citizens. Unlike earlier eras driven by nation-states or localized markets, this stage emphasizes corporate interests in shaping policies, regulations, and markets worldwide. It highlights concerns about excessive corporate power reducing democratic control, increasing inequality, and prioritizing profit over public well-being. In essence, it’s a period where multinational corporations hold significant sway over the economic and political landscape, often operating transcendentally across borders with limited accountability.