Corporatism

Political ideology which advocates the organization of society by corporate groups

Corporatism is a political ideology and political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests. The term is derived from the Latin corpus, or "body". Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly called "corporations" in modern American vernacular and legal parlance.

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