Interlocked

The corporations are interlocked at the next level above. There is a government, but it is top down vertical integration in its purest form. All power flows from the peak of the pyramid, through the corporations and then through the visible governments. It's certainly important to emphasize that corporations have overpowered the visible governments, but no one should ever forget that there is another government above the corporate level. The world IS governed, very strictly.

Obviously, it's a hugely naive mistake to believe that corporations answer to the visible governments or to believe in the relevance of the major political parties, but it is also a huge mistake to believe that world events are the product of a corporate free-for-all. The corporations move the visible governments but the hidden ruling bodies move the corporations.