countervailing power


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countervailing power

the existence of plural centres of power within a society (GALBRAITH,1952), e.g. a balance of power between labour and capital, and between private enterprise and the state. Although the existence of a degree of countervailing powers is usually regarded as a characteristic of the MIXED ECONOMIES and PLURALIST polities of modern Western capitalist societies, there is usually no suggestion that the balance of power between capital and labour is equal.
References in periodicals archive ?
If public opinion will be galvanized by Kian's killing, it can create the conditions for countervailing powers to emerge again.
To argue that the American political system, if it is to get out of the grasp of Big Money, needs to develop some potent "countervailing powers."
Indeed, it does not appear that Amazon's aggressive exercise of countervailing power has ever resulted in an overall decline in the number, variety, or quality of books published.
He finishes on an optimistic note, saying it is possible, nay likely, that a "countervailing power to our political-economic system" will be restored.
(25) For starters, if increasing numbers of African states can be characterized as "developmental," as Shaw suggests, then it is possible that Galbraith's concept of countervailing power could have many more potential applications.
It found that the bidding nature of the markets, the presence of other large competitors, the relatively low barriers to entry, and the significant countervailing power of media vendors will ensure a level playing field in all the affected markets after the merger.
Deliberative-based mechanisms such as Citizens Juries offer one way to redress this lack of understanding and enable the public a potential to exercise 'countervailing power' through receiving and scrutinising considered perspectives and statistics on the treatment of offenders.
These examples show how cooperatives are organized and grow to enable farmers to exercise countervailing power and compete.
Virginia Doellgast's argument would have been strengthened if she had more carefully distinguished the different sources of workers' countervailing power in negotiations with management and treated the quality of workers' democratic participation and involvement as an explanatory variable.
When the downturn came, there was no countervailing power in Brussels to offset the effects of the recession in the countries most hit by the crisis.
In addition, given the proliferation of technology in this field, Valeo s limited market shares on completion of the project, and the significant countervailing power of vehicle producers, the Commission was able to rule out the risk of any excessive distortion of competition.