John Kenneth Galbraith spoke of “countervailing power”. [Detail]
His analysis is useful in viewing franchisee and franchisor relationships.
The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.
All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.
In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
– JKG 1908 – 2006
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