R.I.P. Scout26
If you were going to compile a lexicon of corporatism, “stakeholders” would be a key entry. In a normal open market economy you have businesses, and customers, and competitors, and unions, and government regulators, and citizens. Businesses negotiate with unions and then compete for customers on the playing field created by the elected government. Those customers exercise their market power. Some businesses survive. Others don’t. Transparent and relatively simple. In a corporatist economy you have “stakeholders,” which roughly translates into “interest groups we leaders may want to protect even if their claims are rejected by both customers in the market and voters in democratic elections.”
