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By Borrelli (registered) | Posted December 21, 2011 at 15:47:02
Corporatism is a very interesting set of relations, usually associated w/ Germany, where people organize in groups or organizations with common or shared interests, i.e. labour, finance, government. One of the reasons why its believed Germany has been so successful economically in the Euro market is because of the relatively cooperative relations between the state, labour, and capital/business in developing economic policy.
Everyone is still empowered to fight for their own interests, however the three parties realize they are in many ways dependent on one another, and having the state as a third party also tends to mediate the adversarial, zero-sum relationship that usually prevails in labour-capital negotiations.
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