Capitalism is the gathering of resources like money, labor, raw materials, tools, technology so that something can be built or produced. Even socialists do this.

I prefer the phrase free market to capitalism because it better expresses what we (libertarians) usually mean.

Usually, people called investors borrow money they don’t have into existance out of thin air. We The People permit them to do that. They ask We The People, through our so-called servant government, for permission to do business as a corporation, a fictional person, a creature of the state, with a priviledged existence. We The People then form the corporation and authorize them to do business as such provided We The People also benefit. They must comply with regs and taxes.

In theory, employees benefit from this arrangement because the corporation provides them with safe work conditions, reasonable pay and hours, job security, and benefits like health care and retirement.

It’s a case of privileged clever people vs. poor stupid people and clever wins.

But corporatism is how capital is brought together for the really big projects here in the U.S. and I think my description of how that works is fairly accurate. Especially when a big government contract is involved.

And, when the people become the laborers, the consumers, the employees, the taxpayers, etc.

And when everyone forgets that goernment is to serve the people and corporations exist only because the people (not just the investors) benefit from their existence.

That’s called fascism! But I’ll accept corporatism as nearly synonymous.