CORPORATISM Meaning and
Definition
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Corporatism is a socio-economic and political system that emphasizes the organization and cooperation of various interest groups, such as corporations, trade unions, and professional associations, in the decision-making processes of a society or industry. This term often refers to a system in which the power and influence of these organized groups hold significant sway over the government and its policies.
In a corporatist society, the state acts as an arbiter and facilitator between these interest groups, seeking to balance their competing objectives and ensure a cooperative relationship. This can lead to policies and decisions being made through negotiations and compromises among these groups, aiming to promote social harmony and economic stability.
However, critics argue that corporatism may result in a concentration of power and influence in the hands of a few dominant interest groups, potentially disregarding the needs and interests of other stakeholders in society. Moreover, it may allow these groups to exert disproportionate control over government policies, which could limit democratic decision-making and hinder individual freedoms.
Historically, corporatism gained prominence during the 20th century in various forms, such as fascist corporatism in Italy under Mussolini, social corporatism in Nordic countries, or even contemporary forms seen in some democratic nations. The interpretation and implementation of corporatism can significantly vary depending on the specific context and political system in which it operates.
Top Common Misspellings for CORPORATISM *
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Other Common Misspellings for CORPORATISM
Etymology of CORPORATISM
The word "corporatism" originated from the Latin word "corpus", which means "body" or "group". It is derived from the Latin phrase "corpus aggregatum", which translates to "aggregated body" or "organized group".
In the early 20th century, the term "corporatism" was developed in political and social theory to describe a system that emphasized the organization of society into various functional groups or "corporations". This concept emerged as a response to the challenges posed by industrialization, labor movements, and economic transformations during that period.
The term gained prominence particularly in the interwar period, when corporatism was advocated as an alternative to both liberal capitalism and socialist ideologies. It found expression in different political and economic systems, ranging from authoritarian regimes to attempts at establishing more participatory and organized forms of governance.
Similar spelling words for CORPORATISM
- corporate,
- corporeality,
- corporate bond,
- corporation,
- corroboration,
- corroboratory,
- corporeal,
- corroborative,
- corroborated,
- corroborate,
- corporal,
- corroborant.
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