Comment 72494

By Undustrial (registered) - website | Posted December 22, 2011 at 12:07:26 in reply to Comment 72461

Corporatism is a pretty broad set of ideas. It doesn't specifically refer to "corporations" in the modern sense (Nike, Wal Mart etc), but something more like the legal definition, spanning anything from the Hudson's Bay Company to many worker co-operatives. As Borrelli states, it's primarily about organization, though the adherents have often been all over the map - from Fascists to syndicalists.

Capitalism is an economic system based on the private ownership of capital, and particularly where that ownership is commodified and bought/sold on markets. Capital is any property (land, stuff, money, information etc) which can be used to earn more. Capitalists maintain power by charging workers and consumers for access to this capital, granting themselves a surplus (profits) to re-invest in future capital.

Corporations don't have to be capitalist, and you can have capitalism without corporations, but the two tent to work well together. You could have a socialist economy of collectively owned corporations, or a simple capitalist economy where everything is owned by individuals.

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