• Züri@lemmy.ml
      link
      fedilink
      arrow-up
      18
      ·
      8 days ago

      Banana republic

      A banana republic is a country with an economy of state capitalism, where the country is operated as a private commercial enterprise for the exclusive profit of the ruling class. Typically, a banana republic has a society of extremely stratified social classes, usually a large impoverished working class and a ruling class plutocracy, composed of the business, political, and military elites.The ruling class controls the primary sector of the economy by exploiting labor.