No it isn't.
cor·po·rat·ism | \ ˈkȯr-p(ə-)rə-ˌti-zəm \: the organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction
Source: https://www.merriam-webster.com/dictionary/corporatism
It's coming, but will it be registered?