Liberal corporatism is the application of economic corporatism by liberal political parties and organizations, that recognizes the bargaining interests of multiple groups within society, such as in the business, labour, and agricultural sectors and licenses them to engage in bargaining over economic policy with the state.
[3] This liberal corporatist ethic was similar to Taylorism but called for democratization of the capitalism firm.
[4] The support by labour leaders' advocacy of liberal corporatism of the U.S. progressives is believed to have been influenced by an attraction to the syndicalism and particularly the anarcho-syndicalism at the time in Europe.
[4] In the United States, economic liberal corporatism involving capital-labour cooperation was influential in Fordism.
[5] Liberal corporatism is commonly supported by proponents in Austria, the Netherlands, Denmark, Finland, Norway, and Sweden.