Conservative socialism?
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The Importance of Countervailing Power in Rebalancing Imbalances
This chapter explores the concept of countervailing power and its role in addressing market imbalances, particularly in labor markets. It discusses the creation of countervailing power through government intervention and its significance in consumer communities and labor unions. The chapter argues for the revival of countervailing power through policy measures such as the restoration of the Wagner Act and sectoral bargaining.
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