“…Moreover, as mentioned above, feedback and lock in mechanisms are expected to reinforce business power (Busemeyer and Thelen, 2020). However, it is also possible that business power could fail to grow or even recede, due to institutional constraints, a changing economic environment, organised labour opposition, or changing societal or ideological norms (Hacker and Pierson, 2002; Paster, 2018; Pieper, 2018).…”