Nigel Farage of UKIP has described the system as it has unfolded in the UK (and I think the US as well) as a “corporatist” system a collusion of “big banks, big business and big government” so to speak.
These folks are shoving it down our throats with both parties giving us trade deals, an ever increasing national debt and so on down the line to include Obamacare, Amnesty-Open Borders, Common Core, Gay Marriage without First Amendment religious freedom protections for objectors, sanctions on those who don’t say the right things about controversial issues like Amnesty (Trump).
America’s Uniparty system resembles the capitalistic one party state in Singapore at the very least, and seems headed towards the Chinese Communist one party state where capitalism is allowed.
The chosen, exempt, ruling elite, ...well, that's another matter.