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Concept
Corporatism
Summary
Corporatism is a collectivist political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin corpus, or "body".
As originally conceived, and as enacted in fascist states in mid-20th century Europe, corporatism was meant to be an alternative to both free market economies and socialist economies.
The hypothesis that society will reach a peak of harmonious functioning when each of its divisions efficiently performs its designated function, as a body's organs individually contribute to its general health and functionality, lies at the center of corporatist theory.
Corporatism, socioeconomically, is based on an organization called a corporation, whence it gets its name.
Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American vernacular and legal parlance; instead, the correct term for this theoretical system would be corporatocracy. Corporatism is not government corruption in politics or the use of bribery by corporate interest groups. The terms corporatocracy and corporatism are often confused due to their name and the use of corporations as organs of the state.
Corporatism developed during the 1850s in response to the rise of classical liberalism and Marxism, as it advocated cooperation between the classes instead of class conflict. Corporatism became one of the main tenets of fascism, and Benito Mussolini's fascist regime in Italy advocated the total integration of divergent interests into the state for the common good ; however, the more democratic neo-corporatism often embraced tripartism.
Corporatist ideas have been expressed since ancient Greek and Roman societies, with integration into Catholic social teaching and Christian democratic political parties.
Official source
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