American Capitalism: The Concepts of Countervailing Power

American Capitalism: The Concepts of Countervailing Power by John Kenneth Galbraith is a comprehensive analysis of the American capitalist system. The book explores the concept of countervailing power, which refers to the balance of power between corporations, labor unions, and government agencies. Galbraith argues that countervailing power is essential for maintaining a healthy capitalist system, as it prevents any one group from gaining too much control and exploiting the others.The book covers a wide range of topics, including the history of American capitalism, the role of government in regulating the economy, the power of corporations and labor unions, and the impact of technological advancements on the economy. Galbraith also discusses the ways in which countervailing power has evolved over time, and how it has been weakened in recent years.Throughout the book, Galbraith provides numerous examples to illustrate his arguments, drawing on historical events and contemporary issues. He also offers suggestions for how countervailing power can be strengthened in the future, in order to ensure a more equitable and sustainable capitalist system.Overall, American Capitalism: The Concepts of Countervailing Power is a thought-provoking and insightful analysis of the American economic system. It is a must-read for anyone interested in understanding the complexities of capitalism and the role of countervailing power in maintaining a healthy economy.This is a new release of the original 1952 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world’s literature in affordable, high quality, modern editions, that are true to their original work.