Corporatism and the ‘privileged position’ of business

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Abstract
This article examines the contradictions between Lindblom's thesis of the ‘privileged position of business’ and the corporatist views of writers such as Schmitter and Lehmbruch. The implications of the two theories are analysed in the context of the exchanges between the capital and labour in corporatist systems. The analysis focuses on the kinds of exchange business may enter into, with special attention to the question of capital mobility, for that gives important insights into the stability of corporatist systems. Case studies of Sweden and Norway show that the kinds of bargain struck under corporatism may have serious consequences for corporatism, both as an analytical device and as a working system.