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Corporatism, also known as corporativism, is the sociopolitical organization of a society by major interest groups, known as corporate groups (as well as syndicates, or guilds) such as agricultural, business, ethnic, labour, military, patronage, or scientific affiliations, on the basis of their common interests. It is theoretically based on the interpretation of a community as an organic body. The term corporatism is based on the Latin root word corpus (plural corpora) meaning "body" or, in the case of Fascist Italy, on the word corporazione (derived from the aforementioned Latin word, with the meaning of "embodiment", "association"), the Italian name for what was known in Germanic Europe as a Medieval guild.
Capitalism is an economic system and an ideology based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and investment are determined by the owners of the factors of production in financial and capital markets, whereas prices and the distribution of goods are mainly determined by competition in the market.
As more and more money is concentrated into fewer and fewer hands the currency will eventually collapse.
originally posted by: dfnj2015
a reply to: Zcustosmorum
I may not completely understand all the finer points around the terminology but on a simple level I would just prefer having a strong middle class where law abiding hard work pays better than crime.
An old English judge once said: 'Necessitous men are not free men.' Liberty requires opportunity to make a living - a living decent according to the standard of the time, a living which gives man not only enough to live by, but something to live for.
For too many of us the political equality we once had won was meaningless in the face of economic inequality. A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor - other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness.
Against economic tyranny such as this, the American citizen could appeal only to the organized power of government.