separation of business and state

separation of business and state refers to the separation of business and corporate interests from the political and governmental sphere (and incumbent processes) in order to protect the business, capitalist and financial freedoms of the state's citizens.

Interest in this separation of institutions arose sharply during the 2007-2008 subprime credit crisis, particularly in the request of bailouts of failing corporations and banks by the U.S. and other governments. However, perennial U.S. presidential candidate Ralph Nader has advocated for such a separation throughout his presidential campaigns.