corporatism etymology

Etymology:

• "Corporatism" derives from the Latin word "corpus", meaning "body."

Meaning and Origin:

Corporatism refers to a political and economic system in which the government formally recognizes and empowers non-governmental organizations (NGOs) and interest groups to play a significant role in policymaking and economic regulation. It seeks to organize society into a hierarchical structure of professional, occupational, and business associations that are considered representative of their respective sectors.

The concept of corporatism emerged in the late 19th and early 20th centuries, primarily in Europe. It developed as a response to the perceived shortcomings of both liberal capitalism and Marxist socialism, which were seen as failing to address the social and economic problems of industrial society.

Corporatists argued that interest groups, such as unions, chambers of commerce, and professional associations, should be given an official role in policymaking. They believed that these groups could represent the diverse interests of society more effectively than elected representatives or bureaucrats.

Key Features of Corporatism:

• Integration of interest groups into government: NGOs and professional associations are formally recognized and given a voice in policymaking.
• Hierarchical organization: Society is structured into a pyramid of interest groups, each representing a specific sector or occupation.
• Government support for interest groups: The government provides financial and institutional support to interest groups to facilitate their participation in policymaking.
• Negotiated decision-making: Policy decisions are made through negotiations between government representatives and interest groups, with the aim of consensus.
• Limited political competition: Corporatist systems often have limited political competition, as interest groups are typically more influential than political parties.

corporatism relate terms

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