Not entirely an economic appellation, it refers to tactics used by "representatives" to force their own agenda on an unwilling electorate by cloaking unwanted/unpopular government control in feel good terms.
Also characterized by demonizing/denigrating the opposition; controlling the media through manipulation and constant repetition of the "party line"; an "ends justify the means" mindset; misrepresenting facts, even in the face of evidence to the contrary; arrogant claims of "history-making" legislation or legislating; and manipulation of the young/naive, and weak-minded.
Differs from the Soviet Union or Communist China only in its overt use of force (at least so far): where those regimes used deadly military force to seize power and control the population, neo-comms use more subtle, insidious means to topple a democracy.
Probably needs a bit of tweaking, and then it will be ready for the Oxford English Dictionary and Wikipedia. :yes: