Why Corporatism isn't Capitalism

Corporatism
The control of a state or organization by large interest groups.

Capitalism
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

The above are the Googled definitions, I feel capitalism is missing that it should be a deregulated market. That is essential, regulations are made by the government. If you take the power to control the markets from the governments then you remove the drive to have business based lobby groups, only social matters lobby groups need exist.

This stems from a comments socialists tried to make, first about banks being the epitome of free market yet when they deregulated they failed, therefore free markets will fail. Which isn't quite right, they failed when they got greedy and try invent value where there was none by loaning to themselves. Whereas credit unions don't take those risks, when one credit union does take that risk the league of credit unions is able to manage the problem and it teaches a lesson to the other credit unions, keeping them all in check. A capitalist market would have let those banks fail and taught the public to be careful who they trust with their money.

What about intellectual property? What about it? How's that working out for the human race with pharmaceuticals? Personally I suffer from chronic pain and I'm financially restrained this leaves me unable to afford the latest medications because there's no competition in creating them, the IP holder is allowed a have a monopoly. As we see with Martin Shkreli and some secondary level science students without that regulation there could be a competitive market see here for an example. But that will stop people wanting to develop. Not true, there will be a significant period of time between release and another body recreating the product, this should allow for reasonable profits to be made to fund the next round of R&D for the next product, with a reasonable percentage going to the business or business lenders (see here for why shareholders are a bad idea).

Markets operate under natural laws, before you think you've got me, a natural law is not a regulation, it's an observable effect. For example the law of gravity, we don't need taxes going to gravity police for gravity to be enforced, you try break the laws of gravity you fall on your face. Want more examples? Evolution is probably the best place you can observe markets in action, an animal develops a trait that is successful, it eats more or survives better and therefore gets to pass on its genes to the next generation who then have those traits. As they're natural laws they can be observed and people can learn what limitations to operate within.

When deregulation happens development can prosper, a company can release a product to the market if it works out, it does well and others will try do the same either cheaper or better. This causes a cycle of development, constantly driving down costs for the consumer. If it fails, then back to the drawing board. If you don't think that's the case then look at the evolution example above (and stop skipping paragraphs).

What about dangerous products? Let's start environmentally, individuals and organisations will still be expected not to intentionally cause harm to others, as per the NAP If your pollution damages property that isn't yours then you need to pay for the repair. Make companies culpable for the damage they cause.
Health similar to the above if it causes harm to someone other than the user then it could be regulated, that's not to say addictive substances should be banned because people steal to get them, people shoplift clothes for the sake of it and no one calls for the ban of clothes. Essentially it's the right of any adult to choose there conscious state. To dictate someones conscious state is to tell someone how to think. This act of deregulation brings drugs out of the hands of criminals into a openly competitive market where clean cheap drugs will win out. A company selling quantities likely to cause overdose should face prosecution.

To surmise, Corporatism is a system that allows those on top to stay on top when they don't belong there, whereas Capitalism is a system of greater flux that has more room for people to prosper as individuals.