| Corporatism |
|---|
 |
| Part of a series on |
| Liberalism |
|---|
 |
| Part of a series on |
| Socialism |
|---|
 |
Liberal corporatism is an economic-democratic and liberal-socialist application of corporatism, which seeks workers' election of management and minimal state intervention in sector bargaining over economic policy. [1] Liberal corporatism is often in conflict with liberal pluralism, which opposes granting power to organised interest groups. [1]
English liberal socialist philosopher John Stuart Mill supported corporatism as needing to predominate in society to create equality for labourers and give them a voice in management through democratic economic rights. [2] Unlike a number of other forms of corporatism, liberal corporatism does not reject markets or individualism, but rather believes that a business is a social institution that requires a recognition of the needs of its members. [3] This liberal corporatist ethic was similar to Taylorism but called for democratisation of the firm and election of management. [3]
Liberal corporatism was an influential component of the progressivism in the United States that has been referred to as "interest group liberalism". [4] Labour leaders' and progressives' advocacy of liberal corporatism is believed to have been influenced in reaction to the rise of syndicalism and particularly anarcho-syndicalism at the time in Europe. [4] Liberal corporatism is commonly supported by proponents in Austria, the Netherlands, Denmark, Finland, Norway, and Sweden. [1]
