America today is the product of corpocracy. America also had a unique colonial situation both in terms of length of rule and race.
Corporatocracy:
https://en.wikipedia.org/wiki/Corporatocracy
Corporatocracy is a recent term used to refer to an economic and political system controlled by corporations or corporate interests.[1] It is most often used today as a term to describe the current economic situation in a particular country, especially the United States.[2][3] This is different from corporatism, which is the organisation of society into groups with common interests. Corporatocracy as a term is often used by observers across the political spectrum.[2][4][5][6][7][8][9][10][11][12][13][14][15]
Economist Jeffrey Sachs described the United States as a corporatocracy in The Price of Civilization (2011).[16] He suggested that it arose from four trends: weak national parties and strong political representation of individual districts, the large U.S. military establishment after World War II, big corporate money financing election campaigns, and globalization tilting the balance away from workers.[16]
This collective is what author C Wright Mills in 1956 called the 'power elite', wealthy individuals who hold prominent positions in corporatocracies. They control the process of determining a society's economic and political policies.[17]
The concept has been used in explanations of bank bailouts, excessive pay for CEOs, as well as complaints such as the exploitation of national treasuries, people, and natural resources.[18] It has been used by critics of globalization,[19] sometimes in conjunction with criticism of the World Bank[20] or unfair lending practices,[18] as well as criticism of "free trade agreements".[19]
Edmund Phelps published an analysis in 2010 theorizing that the cause of income inequality is not free market capitalism, but instead is the result of the rise of corporatization.[21] Corporatization, in his view, is the antithesis of free market capitalism. It is characterized by semi-monopolistic organizations and banks, big employer confederations, often acting with complicit state institutions in ways that discourage (or block) the natural workings of a free economy. The primary effects of corporatization are the consolidation of economic power and wealth with end results being the attrition of entrepreneurial and free market dynamism.
His follow-up book, Mass Flourishing, further defines corporatization by the following attributes: power-sharing between government and large corporations (exemplified in the U.S. by widening government power in areas such as financial services, healthcare, and energy through regulation), an expansion of corporate lobbying and campaign support in exchange for government reciprocity, escalation in the growth and influence of financial and banking sectors, increased consolidation of the corporate landscape through merger and acquisition (with ensuing increases in corporate executive compensation), increased potential for corporate/government corruption and malfeasance, and a lack of entrepreneurial and small business development leading to lethargic and stagnant economic conditions.
-------------------
Maybe we can agree that we need to keep the government and corporations separated, and that bringing back a true free market would lower costs, increase efficiency and improve the product quality.