In Corporatist Systems, the State Controls Prices, the Movement of Labor, and the Allocation of Raw Materials but Turns Over this Regulatory Authority to Delegates of Business; Corporatist Bargaining Systems Entail Creeping Inflation

One of the hallmarks of a corporatist system, according to Maier, was that "the state claimed important new powers to control prices, the movement of labor, and the allocation of raw materials, [but] it turned over this new regulatory authority to delegates of business . . . not merely through informal consultation but also through official supervisory boards and committees." This corporatist characteristic also could be used to describe the relationship between the Confederate government and vital industrial sectors like iron companies and railroads.

Another similarity between the Confederacy and other avowed corporatist governments is inflation. Historian Charles Maier argues that corporatist states use inflation "as a tempting if spurious way to purchase social peace," and that inherently the "corporatist bargaining system entailed creeping inflation."

--Michael Brem Bonner, Confederate Political Economy: Creating and Managing a Southern Corporatist Nation, Conflicting Worlds: New Dimensions of the American Civil War (Baton Rouge: Louisiana State University Press, 2016), 190.