Corporatism organizes a society into major industrial and corporate groups—like business, labor, and agriculture—to collaborate on policy and economic planning. It aims to harmonize interests and reduce conflict, often through state-sanctioned bargaining. Benefits flow to established stakeholders: large corporations gain stable markets and influence, while labor unions secure protections. However, smaller players and outsiders may be sidelined, making it a system favoring organized blocs over individual voices.
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