>>1
socialist
Noun
* S: (n) socialist (a political advocate of socialism)
socialism
Noun
* S: (n) socialism (a political theory advocating state ownership of industry)
* S: (n) socialism, socialist economy (an economic system based on state ownership of capital)
Government doesn't "own" any whole industries, so obviously this is not what is going on.
corporatism
Noun
* S: (n) corporatism (control of a state or organization by large interest groups) "individualism is in danger of being swamped by a kind of corporatism"
This is much more accurate.