Re: CAPITALISM: A LOVE STORY - TRAILER:

Corporatism: is a system of economic, political, and social organization where corporate groups such as business, ethnic, farmer, labour, military, patronage, or religious groups are joined together into a single governing body in which the different groups are mandated to negotiate with each other to establish policies in the interest of the multiple groups within the body.[1] Corporatism views society as being alike to an organic body in which each corporate group is viewed as a necessary organ for society to function properly.[2] Corporatism is based on the sociological concept of functionalism.[3] Countries that have corporatist systems typically utilize strong state intervention to direct corporatist policies and to prevent conflict between the groups.[4]

The word "corporatism" is derived from the Latin word for body, corpus. This meaning was not connected with the specific notion of a business corporation, but rather a general reference to anything collected as a body.

Corporatism has been supported from various proponents, including: absolutists, neo-cons, fascists, progressives, reactionaries, socialists and theologians.[5]

Political scientists may also use the term corporatism to describe a practice whereby a state, through the process of licensing and regulating officially-incorporated social, religious, economic, or popular organizations, effectively co-opts their leadership or circumscribes their ability to challenge state authority by establishing the state as the source of their legitimacy, as well as sometimes running them, either directly or indirectly through corporations. This usage is particularly common in the area of East Asian studies, and is sometimes also referred to as state corporatism. Some analysts have applied the term neocorporatism to certain practices in Western European countries, such as the Tupo in Finland and Proporz system in Austria.[6] At a popular level in recent years "corporatism" has been used in a pejorative context to refer to the application of corporatism by fascist regimes[7] or to mean the promotion of the interests of private business corporations in government over the interests of the public.



What is capitalism?

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Under capitalism the state is separated from economics (production and trade), just like the state is separated from religion. Capitalism is the system of of laissez faire. It is the system of political freedom.

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