Corporate republic

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A corporate republic is a theoretical form of government occasionally hypothesized in works of science fiction, though some historical nations such as medieval Florence might be said to have been governed as corporate republics. While retaining some semblance of republican government, a corporate republic would be run primarily like a business, involving a board of directors and executives. Utilities, including hospitals, schools, the army, and the police force, would be privatized. The social welfare function carried out by the state is instead carried out by corporations in the form of benefits to employees. Although corporate republics do not exist officially in the modern world, they are often used in works of fiction or political commentary as a warning of the perceived dangers of unbridled capitalism. In such works, they usually arise when a single, vastly powerful corporation deposes a weak government, over time or in a coup d'état.