Corporatism

I'm taking a quick break from my break to speak out against the hideous and deceitful misuse of a common "ism," corporatism. Random House Dictionary:

"Corporatism - n. the principles, doctrine, or system of corporative organization of a political unit, as a city or state."

The Canadian Encyclopedia:

"Corporatism was originally a 19th-century doctrine which arose in reaction to the competition and class conflict of capitalist society. In opposition to the trend towards both mass suffrage and independent trade unionism, it promoted a form of functional representation - everyone would be organized into vocational or industrial associations integrated with the state through representation and administration." [Though it is later noted that it largely devolved in to fascism.]

San Jose University, Economics Department:

"The basic idea of corporatism is that the society and economy of a country should be organized into major interest groups (sometimes called corporations) and representatives of those interest groups settle any problems through negotiation and joint agreement. In contrast to a market economy which operates through competition a corporate economic works through collective bargaining. The American president Lyndon Johnson had a favorite phrase that reflected the spirit of corporatism. He would gather the parties to some dispute and say, "Let us reason together."