Download e-book for kindle: American Capitalism: The Concept of Countervailing Power by J K Galbraith

By J K Galbraith

ISBN-10: 1560006749

ISBN-13: 9781560006749

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Extra resources for American Capitalism: The Concept of Countervailing Power

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Experiments) and then peer-to-peer learning between doers. Introduction & Overview 21 model institutions, the “start from where the doers are” principle (the first Do) argues for the former. Applied to technical cooperation, it would be better (1) for the helpers to train local doers to do the job, even if locals do it poorly at first, so long as there is a learning mechanism than (2) for the helpers to do the job well but with little or no local capacity building. Sometimes the best form of training is for the helper to broker horizontal learning between the would-be doers and those who have already successfully done it under similar circumstances.

How might the lump-sum concept in tax design be applied here? Since conditionality-based aid is akin to a subsidy only on certain commodities, more independence would be obtained by a lump-sum subsidy to those whose activities can be supported. 9 Through a national process of consensus building, a government in a developing country would draw up a reform program that makes sense to it independent of and not “distorted” by speci‹c donor intentions (very dif‹cult since donors always ‹nd ways to make their desires known).

24 There is grave doubt that the development agencies with organizational “business plans” based on providing aid by moving money could implement an autonomy-respecting indirect approach to development assistance. The agency must be able to say no without undercutting its own income. This is a paradigm example where—beyond a certain point—the more powerful the agency is, the less likely it is to pursue the indirect methods required to ful‹ll its mission. More power and money for the helpers leads to less autonomyrespecting help to the doers.

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American Capitalism: The Concept of Countervailing Power by J K Galbraith


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