Corporatism, also known as corporativism, is a system of economic, political, or social organization that involves division of the people of society into corporate groups, such as agricultural, business, ethnic, labor, military, patronage, or scientific affiliations, on the basis of common interests.
Corporativism in Italy
Historically, corporativism was the economic program of the Italian Fascist Party, largely copying the program of British "guild socialism". All organized economic activities were divided into 22 sectors, each of which was represented by a corporation. The council of each corporation was presided over by a Fascist Party member and was comprised of government appointed "experts" and representatives of employees, employers and the Fascist Party. Each council was responsible to the Minister of Corporations for the management of its corporation, and its members were also members of the Chamber of Fasces and Corporations, which was scheduled to become the lower house of the legislature. In practice, the Corporation council members merely ratified the decisions of the nation's Fascist dictator, Benito Mussolini.
- ↑ Wiarda, Howard J. Corporatism and comparative politics. M.E. Sharpe, 1996. Pp. 23-24.
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-06-30.