Quote:
Originally Posted by djplong
Umm.. Can you explain "socialist corporatist" - those two words have mutually exclusive meanings. A socialist believes in government control. Corporatist is the same but for corporations. What am I missing here?
|
I do not know if this is how Richie mean them, but I would use the term to describe the situation when government maintains control of the corporation and all its activities while the corporation participates in the private market while conforming to government dictates. In this country I think immediately of GM, Chrysler, AIG, the major Banks, Freddie Mac, Fannie Mae, etc.
Government control of these corporations is unquestioned.