posted on May, 26 2012 @ 12:57 PM
Before when i educated myself on this stuff. When searching Wikipedia, Corporatism redirected you to Fascism. But they had a good write up under
"Corporatist economy"(which no longer exists).
Now wikipedia has a whole write up on Corporatism in a fairly positive light. Mostly revised in early 2012.
My understanding of Corporatism before the change.
Corporatism is the economic system Mussilini rooted in to bring in Fascism. It is a system where government over involves themselves/manipulates the
market system. The opposite of free market Capitalism. Corporatism intrudes on the free market using subsidies,bailouts, tax and regulation perks for
the favored corporations, and protecting monopolies. It is a "largest corporation ruled system". Instead of a free competitive market system.
What do you guys think about this??
I am having a hard time finding a deffinition that is anything like the old deffinition from wiki. This link gets close by comparing Capitalism and
corporatism. "The Bush administration has spent close to a trillion dollars to keep the managers of big companies in the driver's seat. Instead of a
free-market policy of letting the market determine winners and losers"
edit on 26-5-2012 by yellowsnow because: peace
edit on 26-5-2012 by yellowsnow because: 420
edit on 26-5-2012
by yellowsnow because: (no reason given)