Capitalism is not corporatism
The word “capitalism”, like most political terms, engenders a lot of confusion and loading. It is a loaded “bad” word, evoking all sorts of social ills, egoism and greed (although I do not think those are bad things, of course). But it is also often equated with corporate exploitation or an anti-populist point of view. The reason for this confusion is in itself difficult to divine, since capitalism as a system does not correspond at all to these things. We must therefore endeavour to explain the difference.
Capitalism, simply defined, is an economic system …