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!!lJF1tu7Un19 08/18/10(Wed)00:34 No.2039594>>2039572
Capitalism
is an economic system in which the means of production are privately
owned and operated for profit; supply, demand, price, distribution, and
investments are determined mainly by private decisions in the free
market, rather than by the state through central economic planning;
Profit is distributed to owners who invest in businesses, and wages are
paid to workers employed by businesses.
Corporatism also known as
corporativism is a system of economic, political, or social
organisation that views a community as a body based upon organic social
solidarity and functional distinction and roles amongst individuals. The
term corporatism is based on the Latin word "corpus" meaning "body".
Formal corporatist models are based upon the contract of corporate
groups, such as agricultural, business, ethnic, labour, military,
patronage, scientific, or religious affiliations, into a collective
body. One of the most prominent forms of corporatism is economic
tripartism involving negotiations between business, labour, and state
interest groups to set economic policy. In contemporary usage,
"corporatism" is often used as a pejorative term against the domination
of politics by the interests of business corporations based on the
inaccurate interpretation of "corporat" in corporatism as referring to
business corporations.
Or to put it more simply.
: the
organization of a society into industrial and professional corporations
serving as organs of political representation and exercising control
over persons and activities within their jurisdiction |