Corporate liberalism

Corporate liberalism is a thesis in US historiography where the corporate elite become "both the chief beneficiaries of and the chief lobbyists for the supposedly anti-business regulations". The idea is that both owners of corporations as well as high up government officials came together to become the class of elites. The elite class then conspires (or, less maliciously: the system motivates the elite) to keep power away from the low or middle class. Presumably, to avoid the risk of revolution from the poor and powerless, and to avoid the realization of class conflict, the elite have the working class pick sides in a mock conflict between business and state. Corporate liberalism's principal text is James Weinstein's The Corporate Ideal in the Liberal State.

Corporate liberalism functions via a façade of opposition between a purportedly progressive statocracy and a purportedly pro-market plutocracy. The con operates by co-opting potential opponents of the establishment; those who recognise that something’s amiss with the statocratic wing are lured into supporting the plutocratic wing, and vice versa...Perhaps the balance of power shifts slightly toward one side or the other; but the system remains essentially unchanged. (Which explains, for example, why the recent much-trumpeted power shift in Congress has resulted in precious little policy change.)

Carl Oglesby describes corporate liberalism as a cooperation between those with the most military power and those with the most industrial power. Oglesby suggests that "corporate liberalism...performs for the corporate state a function quite like what the Church once performed for the feudal state. It seeks to justify its burdens and protect it from change."

Roderick Long writes similarly that state and corporate power have a symbiotic relationship. Long writes about the alleged realizations of corporate liberalism during the 1960s, the realizations that the business class was hardly a "persecuted minority" and that the state hardly a "bulwark of the poor against the plutocracy".

Weinstein's idea of corporate liberalism should not be confused with Ellis W. Hawley's use of the term (Daniel T. Rodgers noted that Hawley's use of "corporate liberalism" was more a description of liberal corporatism than anything else). It should not also be confused with the concepts developed by Martin J. Sklar, who invented the term 'corporate liberalism' in an article on Woodrow Wilson first published in 1960 when he was in graduate school in history at the University of Wisconsin. Sklar published the essay in Studies on the Left, where he and James Weinstein were co-editors. Sklar's writing about corporate liberalism was a major influence on Weinstein's thinking (which Weinstein himself acknowledged in the preface to his book, The Corporate Ideal in the Liberal State). Arguing that the rise of the large corporation "as the dominant mode of business enterprise" was the result of a concerted effort by capitalists and like-minded political leaders and intellectuals, Sklar wrote that corporate liberalism was the "bourgeois Yankee cousin of modern European and English social democracy."

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