Sentence:  If the political <WSD>totalism</WSD> of the fascist and communist world once tried, at horrendous human costs, to subordinate all economic, social, and cultural activity to the demands of an overarching state, the economic <WSD>totalism</WSD> of unleashed market economics seems now to be trying (at costs yet to be fully reckoned) to subordinate politics, society, and culture to the demands of an overarching market. 
Meaning of the word marked with <WSD> tags:  A social, economic and/or political system in which some authority (e.g. the state or "the market") wields absolute power; totalitarianism.