Corporatocracy is an economic, political and judicial system controlled by business corporations or corporate interests.
A keiretsu is a set of companies with interlocking business relationships and shareholdings that have dominated the Japanese economy since the second half of the 20th century. In the legal sense, it is a type of informal business group that is loosely in an organized alliance within the social world of Japan's business community. It rose up to replace the zaibatsu system that was dissolved in the occupation of Japan following the Second World War. Though their influence has shrunk since the late 20th century, they continue to be important forces in Japan's economy in the early 21st century.
A monopoly, as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterised by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with a decrease in social surplus. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry.
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors. Specifically, an industry is a natural monopoly if the total cost of one firm, producing the total output, is lower than the total cost of two or more firms producing the entire production. In that case, it is very probable that a company (monopoly) or minimal number of companies (oligopoly) will form, providing all or most relevant products and/or services. This frequently occurs in industries where capital costs predominate, creating large economies of scale about the size of the market; examples include public utilities such as water services, electricity, telecommunications, mail, etc. Natural monopolies were recognized as potential sources of market failure as early as the 19th century; John Stuart Mill advocated government regulation to make them serve the public good.
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas. The company was founded by brothers Sam and James "Bud" Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses.
Zaibatsu is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period to World War II. A zaibatsu's general structure included a family-owned holding company on top, and a bank which financed the other, mostly industrial subsidiaries within them. Although the zaibatsu played an important role in the Japanese economy beginning in 1868, they especially increased in number and importance following the Russo-Japanese War, World War I, and Japan's subsequent attempt to conquer East Asia and the Pacific Rim during the inter-war period and World War II. After World War II, they were dissolved by the Allied occupation forces and succeeded by the keiretsu. Equivalents to the zaibatsu can still be found in other countries, such as the chaebol conglomerates of South Korea.
Concentration of media ownership, also known as media consolidation or media convergence, is a process whereby fewer individuals or organizations control shares of the mass media. Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated where a few companies own much of the market.
A chaebol is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972.
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service by manipulating either the supply or demand of the product or service to increase economic profit. In other words, market power occurs if a firm does not face a perfectly elastic demand curve and can set its price (P) above marginal cost (MC) without losing revenue. This indicates that the magnitude of market power is associated with the gap between P and MC at a firm's profit maximising level of output. The size of the gap, which encapsulates the firm's level of market dominance, is determined by the residual demand curve's form. A steeper reverse demand indicates higher earnings and more dominance in the market. Such propensities contradict perfectly competitive markets, where market participants have no market power, P = MC and firms earn zero economic profit. Market participants in perfectly competitive markets are consequently referred to as 'price takers', whereas market participants that exhibit market power are referred to as 'price makers' or 'price setters'.
The FamilyMart Company, Ltd. is a Japanese convenience store franchise chain. It is Japan's second largest convenience store chain, behind Seven-Eleven Japan. There are now 24,574 stores worldwide in Japan, Taiwan, China, Philippines, Thailand, Vietnam, Indonesia, and Malaysia. Its headquarters is on the 17th floor of the Sunshine 60 building in Ikebukuro, Toshima, Tokyo. There were some stores in Japan with the name Circle K Sunkus under the operation of FamilyMart.
The RAMJAC Corporation is a fictional multinational conglomerate, or megacorp, featured in several novels by Kurt Vonnegut. In Vonnegut's 1979 novel, Jailbird, the company at its height owns 19 percent of the United States, twice as large as the next largest conglomerate in the "Free World". Copyrights on Vonnegut's later books are also held by RAMJAC, much like Isaac Asimov's later copyrights are held by Nightfall, Inc.
Wal-Mart: The High Cost of Low Price is a 2005 documentary film by director Robert Greenwald and Brave New Films. The film presents a negative picture of Walmart's business practices through interviews with former employees, small business owners, and footage of Walmart executives. Greenwald also uses statistics interspersed between interview footage, to provide an objective analysis of the effects Walmart has on individuals and communities.
Uni-Mart was a Pennsylvania-based company that owned, operated and franchised numerous convenience stores in the Mid-Atlantic region of the United States (US). In 2008, the company operated 283 convenience stores and gas stations in the US states of Pennsylvania, New York and Ohio, and, as of 1995, its annual sales totaled $327.01 million. Henry Sahakian was Uni-Mart's founder and, as of 1997, the company consisted of 2,700 employees.
The American Sugar Refining Company (ASR) was the largest American business unit in the sugar refining industry in the early 1900s. It had interests in Puerto Rico and other Caribbean locations, and operated one of the world's largest sugar refineries, the Domino Sugar Refinery in Brooklyn, New York.
The PJSC United Aircraft Corporation (UAC) is a Russian aerospace and defense corporation. With a majority stake belonging to the Russian government, it consolidates Russian private and state-owned aircraft manufacturing companies and assets engaged in the manufacture, design and sale of military, civilian, transport, and unmanned aircraft. Its headquarters are in Krasnoselsky District, Central Administrative Okrug, Moscow.
Free-market roads is the idea that it is possible and desirable for a society to have entirely private roads.
Megacorpstate is a form of market structure that designs new strategies to systematize the cartel power in the world. This particular market framework consists of oligopolistic interdependent nations-states and multinational corporations, which have established alliance to own majority of the market power. The most prominent organizations within the structure are OPEC and the Seven Sisters that include Exxon, Mobil, Socal, Royal Dutch-Shell, BP, Texaco and Gulf. Regardless of its great influence, Megacorpstate does not have a major recognition in the world. The main reason for its unfamiliarity is its disinclination to characterize itself as a separate market structure.
UNISOC, formerly Spreadtrum Communications, Inc., is a Chinese fabless semiconductor company headquartered in Shanghai which produces chipsets for mobile phones. UNISOC develops its business in two major fields - consumer electronics and industrial electronics, including smartphones, feature phones, smart audio systems, smart wear and other application fields; Industrial electronics cover the fields such as LAN IoT, WAN IoT and smart display.
RoboCop is an American science fiction action media franchise featuring the futuristic adventures of Alex Murphy, a Detroit, Michigan police officer, who is fatally wounded in the line of duty and transformed into a powerful cyborg, brand-named RoboCop, at the behest of a powerful mega-corporation, Omni Consumer Products. Thus equipped, Murphy battles both violent crime in a severely decayed city and the blatantly corrupt machinations within OCP.
Shadowrun is a science fantasy tabletop role-playing game set in an alternate future in which cybernetics, magic and fantasy creatures co-exist. It combines genres of cyberpunk, urban fantasy, and crime, with occasional elements of conspiracy, horror, and detective fiction. From its inception in 1989, it has spawned a franchise that includes a series of novels, a collectible card game, two miniature-based tabletop wargames, and multiple video games.
