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

Excerpt:
...[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.
 
 
Note:
 
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.