Re: The economy - a new era?

["Devine, James" <jdevine@xxxxxxx>]

oligopoly or monopoly makes it easier for unions (compared to competitive markets), though of course oligopolists like Henry Ford opposed unions violently. Without successful "countervailing power" from unions and other forces, oligopolists are horrible.

------------------------
Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine




> -----Original Message-----
> From: Doug Henwood [mailto:dhenwood@xxxxxxxxx]
> Sent: Monday, February 09, 2004 3:25 PM
> To: PEN-L@xxxxxxxxxxxxxxxx
> Subject: Re: [PEN-L] The economy - a new era?
> 
> 
> Michael Perelman wrote:
> 
> >That was the big fight during the New Deal.  One wing of the 
> Democratic
> >Party called for trust busting; the other, for organizing 
> the potential
> >of larger economic formations.
> >
> >Both sides have anti-progressive consequences.
> 
> Of course they do, without "progressive" intervention. But which
> environment is more target-rich for progressive intervention? I'm
> guessing the more concentrated.
> 
> Doug
>