Main Entry: cor·po·rat·ism
Function: noun: the organization of a society or Nation into industrial and professional corporations serving as organs of political Power representation and exercising control over persons and activities within their jurisdiction (ie. The Central Federal Reserve Bank Controlled UNITED STATES GOVERNMENT)- cor·po·rat·ist /-p(&-)r&-tist/ adjective
Corporation: a legal entity, not lawful, under the color of law that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay or avoid income taxes.
Also a company such as the United States Government, acting as a Nation, or group of people authorized to act as a single entity (legally a person) and recognized as such in color of law. Early incorporated entities were established by charter such as the America Virginia Colony, under the control of Great Britain, posing as the UNITED STATES Nation (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.
Inflected Form(s): plural -ties
1 : national character
2 : NATIONALISM
3 a : national status; specifically : a legal relationship involving allegiance on the part of an individual and usually protection on the part of the individual 50 republic states of b : membership in a particular nation, the UNITED STATES OF AMERICA.
4 : political independence or existence as a separate nation, containing the 50 individual Republic state Nations of the UNITED STATES OF AMERICA.
5 a : a people having a common origin, tradition, and language and capable of forming or actually constituting a nation-state and creating a central government for protection, liberty, freedom, rights, and prosperity for all the people, such as the 50 Sovereign Republic state Nations of the united States of America, not the sub-corporation STATES OF government entity corporations
b : an ethnic group such as the sovereign 50 republic state Nations of a union constituting one element of a larger unit (as a nation )
Government-owned corporation, also known as a state or government-owned company, state enterprise, publicly owned corporation, or commercial government agency, is a legal entity created by a government Corporation to undertake commercial activities on behalf of the fake government entity under color of law.
The most common example of a government-owned corporation is the United States government representing a Nation of the District Of Columbia that is a territory of the United Kingdom.
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