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Corporatism

  • Erik Paul
Chapter
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Abstract

Privatization of public assets and deregulation of the economy constitute a major transfer of public power and wealth to corporate and wealthy private interests. These have succeeded in capturing mainstream politics, and hence the state, to protect and advance their vested interests. The scale of transfer of public power and assets to the private sector, both domestic and foreign, is a threat to democracy, characterized by growing inequality in the distribution of income and wealth. It results in negative impacts on society and damage to the social fabric, and scarcity in the provision of public services. Growing inequality and corruption undermine political stability and public trust.

Keywords

Privatization Corporate power Capture of the state Corruption Disempowerment Growing inequality Maldevelopment 

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Copyright information

© The Editor(s) (if applicable) and The Author(s) 2016

Authors and Affiliations

  • Erik Paul
    • 1
  1. 1.Centre for Peace and Conflict StudiesUniversity of SydneySydneyAustralia

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