The Albany Project

My TAPopedia entry

As Paul notes, the good folks up at the Albany Project, Lipris and Brian Keeler, are soliciting input for their new Wiki project dedicated to the New York state government. So I thought I'd contribute, and what do I know better than republicans in all their beady-eyed foolishness? Just in case I missed something, here's the manuscript.

Republican Party

The state-level offshoot of the well-known national criminal enterprise, headquartered at this writing in a picturesque opium den in Schenectady.

History

Founded in 1879 by a then-newly discovered tribe of cannibals living in the sewers of Manhattan, the republican party is also known by the acronym GOP. It is little known that this stands not for 'Grand Old Party', or 'Gross Ogling Perverts' as has more recently been argued with regard to the Foley scandal, but is rather based on a guttural cry first heard upon the discovery of the original cannibalistic tribe; in their secret speech, to this day only taught to initiates beginning at the State Assembly level, 'gwagwa ogog Pffzzt' translates as 'Let's redistrict them and spend their money'.


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Q: Could we review some of the concepts that you've introduced into economics and see if you think they still have relevance? For example, the concept of "countervailing power."

Galbraith: Over the years--over the century just passed--one of the important counters to monopoly power in the corporate world was the development of countervailing power, certainly by trade unions, certainly by farmer cooperatives, certainly by other corporations. Power begets power, and I still hold very strongly to that view, which I first published, believe it or not, some fifty years ago.


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