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Corporate Statism
Corporate statism or state corporatism, referred to as corporativism by the Italian fascism, fascists, is a political culture and a form of corporatism the proponents of which claim or believe that corporate group (sociology), corporate groups should form the basis of society and the State (polity), state. By this principle, the state requires all citizens to belong to one of several officially designated interest groups (based generally on economic sector), which consequently have great control of their members. Such interest groups thus attain public status, and they or their representatives participate with national policymaking, at least formally. Societies have existed historically which exemplified corporate statism, for instance as propounded by Othmar Spann in Austria and implemented by Benito Mussolini in Italy (1922–1943), António de Oliveira Salazar's Estado Novo (Portugal), Estado Novo in Portugal (1933–1974) and by the interwar Federal State of Austria. After Wo ...
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Italian Fascism
Italian fascism (), also called classical fascism and Fascism, is the original fascist ideology, which Giovanni Gentile and Benito Mussolini developed in Italy. The ideology of Italian fascism is associated with a series of political parties led by Mussolini: the National Fascist Party (PNF), which governed the Kingdom of Italy from 1922 until 1943, and the Republican Fascist Party (PFR), which governed the Italian Social Republic from 1943 to 1945. Italian fascism also is associated with the post–war Italian Social Movement (MSI) and later Italian Neo-fascism, neo-fascist political organisations. Italian fascism originated from ideological combinations of ultranationalism and Italian nationalism, national syndicalism and revolutionary nationalism, and from the militarism of Italian irredentism to regain "lost overseas territories of Italy" deemed necessary to restore Italian nationalist pride.Aristotle A. Kallis. ''Fascist ideology: territory and expansionism in Italy and Ger ...
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Economic Nationalism
Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. The core belief of economic nationalism is that the economy should serve nationalist goals. As a prominent modern ideology, economic nationalism stands in contrast to economic liberalism and economic socialism. Economic nationalists oppose globalization and some question the benefits of unrestricted free trade. They favor protectionism and advocate for self-sufficiency. To economic nationalists, markets are to be subordinate to the state, and should serve the interests of the state (such as providing national security and accumulating military power). The doctrine of mercantilism is a prominent variant of economic nationalism. Economic nationalists tend to see international trade as zero-sum, where the goal is to derive relative gains (as opposed to ...
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Political Science Terminology
Politics () is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of status or resources. The branch of social science that studies politics and government is referred to as political science. Politics may be used positively in the context of a "political solution" which is compromising and non-violent, or descriptively as "the art or science of government", but the word often also carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or in a limited way, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external ...
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Corporatism
Corporatism is an ideology and political system of interest representation and policymaking whereby Corporate group (sociology), 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. The terms "corporatocracy" and "corporatism" are often confused due to their similar names and to the use of corporations as organs of the state. Corporatism developed during the 1850s in response to the rise of classical liberalism and Marxism, and advocated cooperation between the classes instead of ...
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Zaibatsu
is a Japanese language, Japanese term referring to industrial and financial vertical integration, vertically integrated business conglomerate (company), conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Economy of Japan, Japanese economy from the Meiji period to World War II. A zaibatsu's general structure included a family-owned holding company on top, and a bank which financed the other, mostly industrial subsidiaries within them. Although the zaibatsu played an important role in the Japanese economy beginning in 1868, they especially increased in number and importance following the Russo-Japanese War, World War I, and Japan's subsequent attempt to conquer East Asia and the Pacific Rim during the interwar period and World War II. After World War II, they were dissolved by the Occupation of Japan, Allied occupation forces and succeeded by the ''keiretsu'' (groups of banks, manufacturers, suppliers, and distributors). Equ ...
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State Capitalism
State capitalism is an economic system in which the state undertakes business and commercial economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor). The definition can also include the state dominance of corporatized government agencies (agencies organized using business-management practices) or of public companies (such as publicly listed corporations) in which the state has controlling shares. A state-capitalist country is one where the government controls the economy and essentially acts as a single huge corporation, extracting surplus value from the workforce in order to invest it in further production.Compare: This designation applies regardless of the political aims of the state, even if the state is nominally socialist. Some scholars argue that the economy of the Soviet Union and of the Eastern Bloc countries modeled after it, includ ...
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Social Corporatism
Social corporatism, also called social democratic corporatism, is a form of economic tripartite corporatism based upon a social partnership between the interests of capital and labour, involving collective bargaining between representatives of employers and of labour mediated by the government at the national level. Social corporatism is present to a lesser degree in the Western European social market economies. It is considered a compromise to regulate the conflict between capital and labour by mandating them to engage in mutual consultations that are mediated by the government. Generally supported by nationalist and/or social-democratic political parties, social corporatism developed in the post-World War II period, influenced by Christian democrats and social democrats in Western European countries such as Austria, Germany, the Netherlands, Denmark, Finland, Norway and Sweden. Social corporatism has also been adopted in different configurations and to varying degrees in va ...
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Folkhemmet
''Folkhemmet'' (, ) is a political concept that played an important role in the history of the Swedish Social Democratic Party and the Swedish welfare state. It is also sometimes used to refer to the long period between 1932 and 1976 when the Social Democrats were in power (except for a brief period in 1936 when Axel Pehrsson-Bramstorp from the Farmers' League was prime minister) and the concept was put into practice, but also works as a poetic name for the Swedish welfare state. Sometimes referred to as "the Swedish Middle Way", ''folkhemmet'' was viewed as midway between capitalism and socialism. The base of the ''folkhem'' vision is that the entire society ought to be like a family, where everybody contributes, but also where everybody looks after one another. The Swedish Social Democrats' successes in the postwar period is often explained by the fact that the party managed to motivate major social reforms with the idea of the ''folkhem'' and the national family's joint endeavor ...
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Miracle On The Han River
The Miracle on the Han River () was the period of rapid economic growth in South Korea, following the Korean War (1950–1953), during which South Korea transformed from one of the least developed countries into a highly developed country. The rapid reconstruction and development of the South Korean economy during the latter half of the 20th century was accompanied by events such as the country's hosting of the 1988 Summer Olympics and its co-hosting of the 2002 FIFA World Cup, as well as the ascension of family-owned conglomerates known as chaebols, such as Samsung, LG, and Hyundai Group, Hyundai. This growth also encompassed declines in child mortality and increases in life expectancy. South Korea during this period has been described as "corporatist" or as practicing state capitalism. This period of growth was overseen by the Democratic Republican Party (South Korea), Democratic Republican Party (DRP),Kohli, A. (2004). ''State-Directed Development: Political Power and Industr ...
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Fascism
Fascism ( ) is a far-right, authoritarian, and ultranationalist political ideology and movement. It is characterized by a dictatorial leader, centralized autocracy, militarism, forcible suppression of opposition, belief in a natural social hierarchy, subordination of individual interests for the perceived interest of the nation or Race (human categorization), race, and strong regimentation of society and the economy. Opposed to communism, democracy, liberalism, Pluralism (political philosophy), pluralism, and socialism, fascism is at the far right of the traditional left–right spectrum.; ; ; ; ; ; ; ; ; ; ; ; ; Fascism rose to prominence in early-20th-century Europe. The first fascist movements Italian fascism, emerged in Italy during World War I, before Fascism in Europe, spreading to other European countries, most notably Nazi Germany, Germany. Fascism also had adherents outside of Europe. Fascists saw World War I as a revolution that brought massive changes to the nature ...
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East Asian Miracle
The Four Asian Tigers ( the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year. By the early 21st century, these economies had developed into high-income economies, specializing in areas of competitive advantage. Hong Kong and Singapore have become leading international financial centres, whereas South Korea and Taiwan are leaders in manufacturing electronic components and devices; South Korea has also developed into a major global arms manufacturer. Large institutions have pushed to have them serve as role models for many developing countries, especially the Tiger Cub Economies of Southeast Asia. In 1993, a World Bank report ''The East Asian Miracle'' credited neoliberal policies with the economic boom, including the maintenance of ...
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Corporatocracy
Corporatocracy or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate Interest group, interests. The concept has been used in explanations of bank bailouts, excessive pay for Chief Executive Officer, CEOs, and the exploitation of national treasuries, people, and Exploitation of natural resources, natural resources. It has been used by critics of globalization, sometimes in conjunction with criticism of the World Bank or unfair lending practices, as well as criticism of free trade agreements. Corporate rule is Evil corporation, also a common theme in dystopian science-fiction media. Forms of corporatocracy Corporatocracy can manifest in different forms, varying according to the degree of involvement of corporations in the political and social sphere, for example: *Crony capitalism, in which corporations obtain favors and privileges from the state in exchange for funding or political support; *Connivance capit ...
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