Corporatism is a collectivist political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin corpus, or "human body".

What's the meaning of corporatism?

: the organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction.

Is the US capitalist or corporatist?

� Over the past several decades, America has evolved from a capitalist to a corporatist economy and from a democratic to a corporatist society � we have traded democratic capitalism for corporatism.