Duke,what you described is "classical fascism". The modern version we (or our children) will end up suffering under will flip-flop classical fascism. The new fascism will have the corporations at the top,and the politicians will be their employees and PR agents. Look to China for a prime example of how this will work,and look at WHO from the US is in business with the fascists who run China. For instance,remember back in the old days when Wal-Mart advertised "American made"? Notice how it is damn near impossible to find anything for sale at Wal-Mart now that wasn't made in China? Did you know that Hillary Clinton was on the board of directors of Wal-Mart before her husband was elected president,and she only resigned because she had to when they moved into the White House? Now think back to when the Chinese goods started swamping Wal-Mart and other American stores. Wal-Mart was one of the first to "go Chinese" in a big way,almost like they had a sweetheart deal with the fascists who own all the corporations in China,huh? Also please note that Diane FineSwine's hubby is in business with these same fascists,and is most likely the ones who tipped them off about the BATF raid on their leased warehouses in San Diego that held all the fully-automatic AK-47's they had smuggled into the country.
Also take note that Jorge Ali Bubba Bush has a uncle who lives in China,and is bestest buddies and business partners with these same fascists.
I think it is already safe to say that corporations are already in a position where they dictate government policy,and that it will only get more brazen in the future. Our politicians are no longer bought and sold,they are now minority stockholders.
As an aside, one day a few years ago I asked a friend of mine who is from China what holidays they celebrated. His answer was..."all the UN holidays". That really reveals something, doesn't it?