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[Clansgian AT wmconnect.com]

> > Is there a name for an economic 
> system where large corporations have so much power?

Yes. It's called 'fascism'.  

Most dictionary definitons go something like:
"A philosophy or system of government that is marked by stringent social and 
economic control, a strong, centralized government usually ..."

A government can be fascist (and ours is rapidly heading there), but 
separately an economy can be on a fascist basis.  It means that the 
government keeps 
the basis of wealth in private hands (corporations in this case) but places 
such tight regulations in place that it controls the operation of those 
privately 
held assets and resources.  Controls them or favors them.