Evaluate by choosing one national example.
A Corporation is "a body that is granted a charter legally recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members. Such a body created for purposes of government, also called body corporate, a group of people combined into or acting as one body,"" (American Heritage Dictionary 2000). Corporatism is the idea that society and the government should be led or influenced by corporations. It is an apparent form of capitalism that preserves private ownership and private management incorporating government guarantees for the assured flow of material goods. Under true capitalism this guarantee is not existent. Corporatism blends both capitalism and socialism by combining socialism's promise of a government-guaranteed flow of material goods with capitalism's private ownership and management. Disregarding the fact that a corporation' is a collective entity, corporatism is essentially the idea that society and the government should be led or influenced by corporations. Corporatism has an extended history. Earlier corporatism is basically the "organisation of society according to shared national interests and objectives,"" (2002hum Study Guide p.62). Also referred to as the night watchman' state, the main role of the government within the economy was simply to prevent fraud or force from disrupting the autonomous operation of the free market. In modern times however, corporatism encompasses the government, unions and larger economically powerful corporations in major economic policy decisions that will affect society as a whole. This now includes basically everyone from the economic elite to ordinary consumers. Furthermore, it is argued that "state intervention in the economy entails the actual replacement of capitalism with a corporatist economic system defined by state over profit-, (Panitch 1976 p.
