Word: gailbraith
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Dates: during 1970-1979
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...Gailbraith does well to emphasize the enormous concentrations of private socioeconomic power which thwart macroeconomic planning and continue inflation. A fling at price-wage controls, however, will not solve the crisis of modern liberalism. The country needs a full-scale commitment by a political party to run a government without the interest groups, break down private administrative conglomerates in the trades and professions, and restore a little more competition. It needs some old-fashioned Progressivism, interest-group trust-busting, and even a dose of Naderism before the next Democratic Administration can effectively plan and execute policy...
Robert S. Strauss, a wealthy Texan who now heads the Party's fund-raising efforts, wants Gailbraith removed from the Party's Policy Council...