Chomsky | Freedom, Sovereignty, and Other Endangered Species | excerpt from talk given Feb 26, 2000

...[W]e could describe [concentrated global power] as an array of megacorporations, often linked to one another by strategic alliances, administering a global economy which is, in fact, a kind of corporate mercantilism tending toward oligopoly in most sectors, heavily reliant on state power to socialize risk and cost and to subdue recalcitrant elements.
For readers who may not already be certain, as I was not, of the meanings of "mercantilism" and  "oligopoly":
I take corporate mercantilism as used here to mean, roughly, a system in which state and corporate power are significantly merged to exercise control and dominance. This is my working definition. More research is required before I can use the term with a high level of confidence.
Oligopoly is the dominance by a small number of companies over production or sales. (from the Greek oligos "few" and polien "to sell")

Also, I looked up recalcitrant because I couldn't think of a good synonym, and found "uncooperative," which I think works well.