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The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
John Kenneth Galbraith
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John Kenneth Galbraith
Age: 97 †
Born: 1908
Born: October 15
Died: 2006
Died: April 29
Diplomat
Economist
Non-Fiction Writer
Politician
University Teacher
John K. Galbraith
Market
Consumer
Fact
Powerless
Facts
Devices
Power
Holds
Great
Servant
Perpetuated
Consumers
Puppet
Corporations
Puppets
Myth
Corporation
More quotes by John Kenneth Galbraith
It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
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All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
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The Senate has unlimited debate in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.
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Economics exists to make astrology look respectable.
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The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
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There are days when the result is so bad that no fewer than five revisions are required. In contrast, when I'm greatly inspired, only four revisions are needed.
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In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.
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Authorship of any sort is a fantastic indulgence of the ego.
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It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.
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When you see reference to a new paradigm you should always, under all circumstances, take cover.
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I predict, not because I know, but because I'm asked.
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War remains the decisive human failure.
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I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.
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Who is king in the world of the blind when there isn't even a one eyed man?
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The inborn instability of capitalism has been part of the history of the system for several hundred years.
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One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
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I think without a doubt, that what is called financial genius is merely a rising market.
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THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
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Genius is a rising stock market.
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Decision has greater virtue and force if taken after there has been eloquent dissent.
John Kenneth Galbraith
