Corporatism vs. capitalism

Corporatism is not something we want. It is a form of syndication favoured by Marxism

Corporatism vs. capitalism

I think these two terms need to be clearly explained. I had a conversation with a Marxist hoping for some illumination. The only thing I learned is they are confusing corporatism for capitalism.

Corporatism is not something we want. It is a form of syndication favoured by Marxism. Under such systems, society is broken into collectivist groups, for example: labour unions, management and industrial organizations. It is only those groups that have political representation. Making the consumer and individual irrelevant. (Only corporate lobbyists allowed.) As no smaller enterprise can enter the industry, the monopolies dictate terms to the consumer (you and I).

Corporatism originated with the American Progressives, and later by Mussolini in Italy, Hitler in Germany, and Roosevelt in the U.S. (struck down by the Supreme Court in 1935 as unconstitutional). It requires state involvement bringing in cronyism, corporate welfare, and bailouts. (2008 crash ringing any bells?)

The Russian oligarchs (rule of the few) are another example of corporatism. Boris Yeltsin handed over state assets at non-market prices (sometimes free) to his friends. With such close ties to government the oligarchs were able to use government funds for their enterprises and legislation making it near impossible for competition. Much like how the “green” renewable energy works here. (Planet of the Humans)

Communist China, seeing the failure of the command economy (the great leap forward, 45 million dead) transitioned to corporatism. Any large corporation is headed by party elite and competition is barred.

Canada too has been impacted by such ideologies. The Ad Scam controversy under Martin and Chrétien for example, now we have the WE scandal that appears to be giving taxpayers’ money away to friends and family members of friends.

S. Innis



Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Prescribed burn for the Cowichan Garry Oak Preserve

Between Sept. 27 and Oct. 9, if and when site and weather conditions become favourable.

Business notes: Cowichan Valley Wine Festival deemed a success this year

Here are some of the notable things happening in Cowichan’s business community

Cowichan Valley residents can help mark World Alzheimer’s Month

Two-part online discussion series called “Demystifying advocacy” on Sept. 28 and 29

Who’s running in Cowichan?

A list of Cowichan candidates for the upcoming provincial election

BC Liberal Leader talks drug addiction in the Lower Mainland

Drug addiction and public safety a top priority says Andrew Wilkinson

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Island RCMP remind drivers not to text after 19 tickets handed out in 90 minutes

The $368 fines were handed out Tuesday on Norwell Drive and Old Island Highway in Nanaimo

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Vanderhoof’s Brian Frenkel takes on top job in tough times

We can get through this, new local government leader says

Three years for serial bank robber who hit southern Vancouver Island branch

Lucas Bradwell was wanted for robberies in Abbotsford, Sidney and Vancouver

Local councils important, Horgan says as municipal conference ends

B.C. NDP leader says ‘speed dating’ vital, online or in person

Penticton woman sentenced to one year in prison for manslaughter of teen boyfriend

Kiera Bourque, 24, was sentenced for manslaughter in the 2017 death of Penticton’s Devon Blackmore

Most Read