Ty, wasn't trying to dispute correctness, just they never actually defined or tried to give a clear explanation (besides a 20min video not everyone is going to watch). As we've seen it's a simple definition but even the video points out it's more complicated because of how people are using it, highlighting just how important it is to make direct and concise declarations of what we're talking about so there is no confusion.

You see you say it's a simple definition but both this and your later comment are rather imprecise or even wrong, such as when you say it's described as the union of corporations and the state, but that has almost nothing to do with, hence I would implore you to watch the video I linked.