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.
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.
Further, Gavin most likely saw links between the political economies of health and incarceration and how Citizens Juries represent a potential countervailing power towards reconstituting these political economies.
Cooperatives afford farmers the organizational sizes for exercising countervailing power.
In this paper, any miscellaneous bargaining power is interpreted as a countervailing power enabling the abused and the discriminated to resist imposed attempts to maintain the status quo.
According to this logic, it follows that only a formidable countervailing power - such as massive official intervention - can halt the ravenous dynamics of financial markets.
shows that MNCs have put a substantial challenge to the countervailing power of the unions; mainly because they have the capability to practice innovative employment relations policies into the diverse host economies they operate in.
Seizing this opportunity, however, will require a new and radical mass movement to "build a countervailing power to the elites and corporations.
23) Though the role of countervailing power is discussed in greater detail subsequently, it is clear that an ambiguous effect on efficiency undermines the case for per se condemnation.
The statement would be far closer to the truth for the Blair premiership, although with the important qualification that substantial countervailing power was exercised by Gordon Brown from the Treasury.