corporate nationalism

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Corporate nationalism

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[edit] English

corporate nationalism (plural corporate nationalisms)

A corporatist political culture in which members believe the basic unit of society and the primary concern of the state is the corporate group rather than the individual, and that the interests of the corporate group are the same as the interest of the nation.
A philosophy that private enterprise should work mainly for the national good rather than for the good of the investors. In exchange, legislators will favor large corporations and involve them in drafting legislation.
A belief that nations should discourage or prevent foreign ownership of local corporations.

French corporate nationalism was amply demonstrated last year when there were rumours that PepsiCo was planning a bid for the food group Danone. One former minister warned many French people would see such a bid as a direct attack on their identity.
National intervention in corporations, including outright nationalization where the state assumes ownership of the corporation.

Plans to rescue Fannie Mae and Freddie Mac breathe of a sort of corporate nationalism.
State bias towards national corporations

It is important to understand America’s early legacy as one that was tainted by both the sins of slavery and belligerent, corporate nationalism.