Syndicate

A syndicate is a self-organizing group of individuals, companies, corporations or entities formed to transact some specific business, or to promote a common interest. In most cases formed groups aim to scale up their profits. Although there are many legal syndicates formed around the world, people tend to link the term syndicate to various criminal activities. In the case of criminal activity, the syndicate is there to promote, and engage in, organized crime. The term is also associated with anarchist theory, specifically anarcho-syndicalism, in which it forms an alternative to both the nation state and capitalist corporations.

The word syndicate comes from the French word syndicat which means trade union (syndic meaning administrator), from the Latin word syndicus which in turn comes from the Greek word σύνδικος (syndikos) which means caretaker of an issue, compare to ombudsman or representative.

Read more about Syndicate:  Crime Syndicates, Media, Finance, Worker-managed Enterprise, Lottery Syndicate

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