Corporations are fascist and incompatible with democracy

A: I mean fascism pretty much in the traditional sense, [analogous to] a system in which the state integrates labor and capital under their control. The ideal is top-down control with the public essentially following orders.

Fascism is a term that doesn’t strictly apply to corporations, but if you look at them, power goes strictly top-down. Ultimate power resides in the hands of investors, owners, banks, etc. People can disrupt, make suggestions, but the same is true of a slave society. People who aren’t owners and investors have nothing much to say about it.

That’s something of an exaggeration because corporations are subject to some legal requirements and there is some limited degree of public control. But corporations are more totalitarian than most institutions we call totalitarian in the political arena.