A Third Path: Corporatism in Brazil and Portugal

How Brazil and Portugal experimented with corporatism as a “third path” between laissez-faire capitalism and communism

Following the Great Depression, as the world searched for new economic models, Brazil and Portugal experimented with corporatism as a “third path” between laissez-faire capitalism and communism. In a corporatist society, the government vertically integrates economic and social groups into the state so that it can manage labor and economic production. In the 1930s, the dicta...