We are nowhere near coming to terms with the implications of this. It goes way beyond and fully transcends the old debates between capitalism and socialism. Indeed that is not what this is about. The focus on that might be theoretically interesting but it has little or no relevance to the current reality in which public and private have fully merged and intruded into every aspect of our lives, and with fully predictable results: economic decline for the many and riches for the few.
“It goes way beyond and fully transcends the old debates between capitalism and socialism.”
This is an important point and perspective. The debate is always “if you are not for capitalism then you are a socialist”. But corporatism is lumped in as a form of capitalism and it is not at all, it is actually fascist and anti-capitalism. It is an ignorant stance to defend corporatism as capitalism. They are completely polar opposites and the debate about these two has nothing to do with the concept of socialism.
Corporatism is BlackRock, MS, State Street, and other corporations who have the power to enslave and rule the world through financial extortion and debt.