Countervailing power

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Countervailing power is a theory put forward by the esteemed economist John Kenneth Galbraith. In a mixed economy composed of private enterprise and government, there is often a certain level of collusion between large private entities and the government in order to create excess profitability at the expense of the consumer. A paraphrasal of John Kenneth Galbraith is to say that this action gives rise to the opposite reaction of countervailing powers, that is to say lobby groups or unions or some other group with which to countervail the unearned power.