Definition

A political system where large organizations, like businesses and trade unions, work together under government direction to influence power and decision-making.

Example

In a corporatism system, businesses and the government collaborate closely to shape economic policies.

Conversation

Have you heard about the concept of corporatism?

Yeah, it’s interesting how it shapes our society.

I think it really influences the way businesses interact with politics.

Definitely, it seems like large corporations have so much power nowadays.

Synonyms & Antonyms

Root Explanation

Corporatism is formed from "corpus" (meaning body) and the suffix "-ism" (indicating a practice or philosophy). The term refers to a political or economic system in which various interest groups are organized into bodies that represent their interests, akin to a body of society working together.

Memory Tip

Think of 'corpus' meaning body, and remember that 'corporatism' refers to a system where different groups act like parts of a body, working together for common interests.

Visually Confused Words