Socio-economic system in which large businesses exert influence over and benefit from government policies

Reference

Corporatism - Wikipedia, the free encyclopedia
"Historically, corporatism or corporativism (Italian: corporativismo) refers to a political or economic system in which power is given to civic assemblies that represent economic, industrial, agrarian, social, cultural, and professional groups. These civic assemblies are known as corporations (not necessarily the business model known as a 'corporation' though such businesses are not excluded from the definition either). Corporations are unelected bodies with an internal hierarchy; their purpose is to exert control over the social and economic life of their respective areas. Thus, for example, a steel corporation would be a cartel composed of all the business leaders in the steel industry, coming together to discuss a common policy on prices and wages. When the political and economic power of a country rests in the hands of such groups, then a corporatist system is in place. ..."

Articles

A Hit Man Confesses, by Christopher Westley, Mises Daily, 12 Dec 2006
Comments and criticises John Perkins' Confessions of an Economic Hit Man
"The second [popular path to wealth in the private sector] is more nefarious. With this method, you work in an industry that stands to make billions of dollars through contracts for infrastructure development with foreign governments. ... We know of companies that would be shells of their present selves were it not for their hounding of contracts funded by such loans, and that these companies provide lucrative incomes to politicians when they are out of office."
Barack Obama: Corporatist, by Sheldon Richman, 17 Apr 2012
Reviews Obama's corporate-friendly (and hypocritical) actions, particularly towards banks like Bank of America
"This is just one of the many ways in which Obama reveals himself as a friend of big, well-connected business interests — that is, as an advocate of the corporate state. Considering that Mitt Romney also favors having government as business's ally, we can look forward to an election between two variations on this corporatist theme."
Related Topic: Barack Obama
UpdBernie Is Not a Socialist and America Is Not Capitalist, by Marian L. Tupy, The Atlantic, 1 Mar 2016
Clarifies the meaning of various terms which young people tend to misunderstand, including socialism, communism, capitalism and corporatism, and then discusses the relative levels of economic freedom in the United States and other countries
"Capitalism is often confused with 'crony' capitalism—an odious nexus of corporate and political power that crushes the worker and cheats the consumer. Close linkages between big business and the government have existed before (e.g., fascist Italy, national-socialist Germany, Peronist Argentina, etc.). However, most academics do not refer to such systems as exhibiting 'crony capitalism,' but 'corporatism.' In any case, few would argue that the power of big business in the United States today is comparable to the power of big businesses in, say, fascist Italy, though it might be argued that 'crony capitalism,' if left unchecked, could one day lead to 'corporatism.'"
Big Business and the Rise of American Statism, by Roy A. Childs, Jr., Reason, Feb 1971
Originally a speech given at first convention of the Society for Individual Liberty, 15-16 Nov 1969
"In any case, we have seen that (a) the trend was not towards centralization at the close of the nineteenth century ...; (b) there was, in the case of the railroads anyway, no sharp dichotomy or antagonism between big businessmen and the progressive Movement's thrust for regulation; and (c) the purpose of the regulations, as seen by key business leaders, was not to fight the growth of 'monopoly' and centralization, but to foster it. The culmination of this big-business-sponsored 'reform' of the economic system is actually today's system."
Big Pharma and Crony Capitalism, by Wendy McElroy, 9 Jul 2012
Examines the ways in which pharmaceutical companies influence government
"Most of the time, the state and big pharma are in an uncomfortable partnership that benefits both of them. Adversarial events occur between them, but the bottom line is a partnership. They both act to suppress any drugs or people who compete with their monopolies. Both the state and big pharma promote specific products, with the state pushing drugs through various social-services agencies and programs like Medicaid. Both of them victimize anyone who wishes to have choice over their own medical care and drug use. They also victimize those who blindly trust the almost mystical authority that the medical world creates for itself ..."
Related Topics: Health Care, Monopoly
Karl Hess: Presidential Speechwriter Turned Homesteader, by Karl Hess, Anson Mount, Mother Earth News, Jan 1976
"The Plowboy Interview", shortly after Hess' book Dear America had become a bestseller, questions him about the switch from right wing conservatism to the New Left
"Corporate capitalism, in fact, is the worst enemy that free enterprise currently has in this country. To be quite blunt about it, the big guys are very deliberately using our 'free enterprise' system to stamp out the little guys. But don't take my word for it, look at the statistics: There are fewer and fewer independently owned businesses — per capita — here in the United States every day."
Taxation Is Robbery, by Frank Chodorov, Out of Step, 1962
Chapter XXII; starting with the historical origins of taxation, proceeds to examine its indirect and direct forms and the rationales behind it
"Any farmer can make whiskey, and many of them do; but the necessary investment in revenue stamps and various license fees makes the opening of a distillery and the organizing of distributive agencies a business only for large capital. ... Likewise, the manufacture of cigarettes is concentrated in the hands of a few giant corporations by the help of our tax system; nearly three-quarters of the retail price of a package of cig­arettes represents an outlay in taxes."
The Death of Politics, by Karl Hess, Playboy, Mar 1969
Discusses libertarianism, contrasting it with both conservatism and modern liberalism, including specific policy differences
"Big business supports a form of state capitalism in which government and big business act as partners. Criticism of this statist bent of big business comes more often from the left than from the right these days, and this is another factor making it difficult to tell the players apart. ... The left's attack on corporate capitalism is, when examined, an attack on economic forms possible only in collusion between authoritarian government and bureaucratized, nonentrepreneurial business."
The New Deal Made Them 'Right', by Damon W. Root, Cato Policy Report, Sep 2009
Discusses how various "prominent liberals" (Mencken, John T. Flynn, Al Smith, Burton K. Wheeler and Nock) found themselves categorized on the political right as a consequence of their opposition to Roosevelt's New Deal
"... the NRA [National Recovery Administration] sought to micromanage the economy through more than 500 wage-, hour-, and price-fixing 'codes of fair competition,' mandating everything from the price of food to the cost of having a shirt hemmed. ... historian Arthur Ekirch has pointed out: 'Little attention was paid to the fact that it was industry itself that had largely prepared the regulations governing prices and production. ...' ... [Flynn] had long worried about the growing power and influence of the big corporations. Now FDR and his so-called brain trust were climbing into bed with them!"
Variations on a Corporatist Theme: The people lose, by Sheldon Richman, 13 Apr 2012
Contrasts the rhetoric on both sides of the 2012 U.S. presidential contest
"Genuinely freed markets won't make the list of feasible options. That will leave us with mere variations on a statist theme, namely, corporatism. How will voters choose among them? Most of those who abhor 'socialism' (however they define it) will rally round Republican corporatism because of the pro-market rhetoric, while most who abhor the cruel 'free market' ('Look at the hardship it created!') will rush to Democratic corporatism because of its anti-market rhetoric."
When What's Costly is Cheap -- and Vice Versa, by Kevin Carson, 6 Jul 2013
Explains how the corporate state programs subsidize big business at consumer expense
"Consider the share of industry's total inputs that are artificially cheap thanks to the state. The state preempts ownership of vacant land and gives privileged access to oil and coal companies, preempts civil liability for oil spills and pollution with its 'environmental' regulations, fights wars to guarantee American access to foreign oil reserves on American terms, and spends many tens of billions on a Navy whose main function is to keep the sea lanes open for oil tankers — all to keep energy artificially cheap. ... It spends tens of billions on an educational system whose main purpose is to supply corporate HR departments with a trained, docile work force at public expense."
Where Free-Market Economists Go Wrong, by Sheldon Richman, 1 Feb 2008
Discusses the economic stimulus proposals and the failure of many free-market economists to point out that the current economic system is not truly a free market
"What we have is corporatism, an interventionist system shot through with government-granted privileges mostly for the well-connected (yes, who tend to be rich). This system is maintained in a variety of ways: through taxes, subsidies, cartelizing regulations, 'intellectual property' protections, trade restrictions, government-bank collusion, the military-industrial complex, land close-offs, restrictions on workers, and more. As a result, people can get rich at the expense of the government's victims."
Will 2016 Be a Good Year for the Corporate State?, by Sheldon Richman, 13 Dec 2013
Considers the prospective 2016 U.S. presidential contenders, Hillary Clinton and Chris Christie, and how they line up with the aims of the corporate state, and further comments about South Africa
"She got one thing right: The politicians and big bankers 'all got into this mess together.' The financial and housing collapse of 2008 was the fruit of that malign partnership of big government and big business. ... But the big banks are doing fine now, thank you, and there's no reason to think that too-big-to-fail is over. It's regular people who are still hurting."
Related Topic: Hillary Rodham Clinton

Cartoons and Comic Strips

OK ... Every day you guys ah in heah complainin' about how corrupt politicians ah ..., by Wiley Miller, Non Sequitur, 26 Sep 2012