cross-posted from: https://jlai.lu/post/24534988

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[–] 5 points 1 year ago

A political system that treats corporate groups (rather than the individual) as the basic unit of society is a drug?

Corporatism is an ideology and political system of interest representation and policymaking whereby corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, come together and negotiate contracts or policy (collective bargaining) on the basis of their common interests. The term is derived from the Latin corpus, or "body".

Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American vernacular and legal parlance. Instead, the correct term for that theoretical system would be corporatocracy.

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