Word: witholding
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Dates: during 1982-1982
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...ALTERNATIVE to pro-corporate reindustrialization. Lekachman argues, the left must mobilize around a plan for democratic control of investment decision. A National Investment Authority (NIA) he suggests, could withold subsidies from defense contractors who refuse to convert to civilian production. An and NIA would subsidize local co-ops, church-sponsored housing, and small farmers rather than lumbering auto makers. Lekachman calls for closing tax loopholes--which channel resources into unproductive uses--and redirecting the proceeds to pay for the NIA and for expanded social welfare services. Inflation should be fought not by wage concessions but by controls on oligopolistic price...