▁justice ▁that ▁a ▁dem ocracy ▁needs ▁to ▁surv ive ." ▁ ▁Corpor at ism ▁▁ ▁Edmund ▁Ph el ps , ▁published ▁an ▁analysis ▁in ▁ 2 0 1 0 ▁the or izing ▁that ▁the ▁cause ▁of ▁income ▁inequality ▁is ▁not ▁free ▁market ▁capital ism , ▁but ▁instead ▁is ▁the ▁result ▁of ▁the ▁rise ▁of ▁corpor at ism . ▁Corpor at ism , ▁in ▁his ▁view , ▁is ▁the ▁ant ith esis ▁of ▁free ▁market ▁capital ism . ▁ ▁It ▁is ▁character ized ▁by ▁semi - mon opol istic ▁organizations ▁and ▁banks , ▁big ▁employ er ▁conf eder ations , ▁often ▁acting ▁with ▁comp licit ▁state ▁institutions ▁in ▁ways ▁that ▁disc ou rage ▁( or ▁block ) ▁the ▁natural ▁work ings ▁of ▁a ▁free ▁economy . ▁ ▁The ▁primary ▁effects ▁of ▁corpor at ism ▁are ▁the ▁cons olid ation ▁of ▁economic ▁power ▁and ▁wealth ▁with ▁end ▁results ▁being ▁the ▁attr ition ▁of ▁entrepr ene ur ial ▁and ▁free ▁market ▁dynam ism . ▁ ▁His ▁follow - up ▁book , ▁Mass ▁Fl our ishing , ▁further ▁defines ▁corpor at ism ▁by ▁the ▁following ▁attributes : ▁power - sh aring ▁between ▁government ▁and ▁large ▁corpor ations ▁( ex empl ified ▁in ▁the ▁U . S . ▁by ▁w iden ing ▁government ▁power ▁in ▁areas ▁such ▁as ▁financial ▁services , ▁health care , ▁and ▁energy ▁through ▁reg ulation ), ▁an ▁expansion ▁of ▁corpor ate ▁lo bb ying ▁and ▁campaign ▁support ▁in ▁exchange ▁for ▁government ▁reci pro city , ▁es cal ation ▁in ▁the ▁growth ▁and ▁influence ▁of