“Corporatism” is best understood as an alliance of business, labor and government, with government as the senior partner. Ed Klein wrote in one of his books how Obama is very enanamored of the idea.

Corporatism, in the sense I defined it, is anathema to a system of free minds and free markets. The people are not served by the government, but merely have their role to fill in a managed system. Corporatism is the basic structure of most Kleptocracies.

Blaming Corporatism or any other bad thing on private sector organizations (like corporations) is wrong, I think. Political power is the coin of the realm, and private actors are all supplicants to the politically powerful, to the extent that power extends to such individuals’ livelihood. The game today is to buy off the politically powerful, in order to be left alone. All big economic actors, including oil companies, have to do it. Of course, it gives them access to plead for their special interest, which is a good side business for the pol’s, e.g. the Clinton Foundation.