Corporatism is a political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin corpus, or "human body". The hypothesis that society will reach a peak of harmonious functioning when each of its divisions efficiently performs its designated function, such as a body's organs individually contributing its general health and functionality, lies at the center of corporatist theory. Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American legal and pop cultural parlance; instead, the correct term for thi