Yes—more broadly, this is totalitarianism. [0] Every CEO on this list should loudly denounce it and call it out for what it is.

  [0]: https://en.m.wikipedia.org/wiki/Totalitarianism

So in your definition that makes China fascists, considering all its big corporations are merged with the government?

I'd say it's the nature of power, politics and the existence of government. They start out small and then grow and attract corruption. You can only slow it down by having things like democracy (especially direct democracy) and separation of power.

It's pathetic how many people just shrug their shoulders at it and let it happen. The president is a corrupt clown, and people delude themselves into accepting it so they can line their pockets as well.

I don’t like it but it’s not the first time. FDR’s National Recovery Administration crossed similar boundaries.