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Critics of capitalism often argue that any form of capitalism would eventually devolve into corporatism, due to the concentration of wealth in fewer and fewer hands. A permutation of this term is corporate globalism. John Ralston Saul argues that most Western societies are best described as corporatist states, run by a small elite of professional and interest groups, that exclude political participation from the citizenry. Corporatism has been supported from various proponents, including: absolutists, conservatives, fascists, progressives, reactionaries, socialists and theologians. In the United States, economic corporatism involving capital-labour cooperation was influential in the New Deal economic program of the United States in the 1930s as well as in Fordism and Keynesianism.[36] In the post-World War II reconstruction period in Europe, corporatism was favoured by Christian democrats, national conservatives, and social democrats in opposition to liberal capitalism.[37] This type of corporatism faded but revived again in the 1960s and 1970s as "neo-corporatism" in response to the new economic threat of stagflation.[38] Neo-corporatism favoured economic tripartism which involved strong and centralized labour unions, employers' unions, and governments that cooperated as "social partners" to negotiate and manage a national economy.[39]

Stark raving mad, this website trembles in fear at evil communists like Senator Bernie Sanders, I-VT, who wants to balance excesses of asset-owning, elite investors with needs of wage-earning peasants!