Where the government allowed the private sector and private businesses, but the government worked with businesses. The idea of corporatism is non separation of business and government. So business and government work together. This in contrast to communism where there is state run businesses and central planning like under the USSR.
Why fascism was supporting corporatism and class hierarchy?
Anonymous
Corporatism involves business (or more accurately a group of similar industries) assisting in making policy, that is NOT what the Nazis were doing.
michinoku2001
The Third Reich had elaborate methods of forcing firms to work towards what NASDAP considered the interests of the state. For example, you have all the different exchange rates that Schacht came up with.
By the time the war started, Germany was essentially operating as a command economy-albeit with private ownership still in place. The problem for Hitler was that it wasn't a particularly efficient command economy. Speer is not necessarily a reliable source-he lied a lot. However, his book Inside the Third Reich describes quite well how the late war German economy worked-or did not work.