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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
Power
Holds
Perpetuated
Great
Servant
Puppet
Consumers
Corporations
Puppets
Myth
Corporation
Market
Consumer
Fact
Powerless
Facts
Devices
More quotes by John Kenneth Galbraith
A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.
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In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
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Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.
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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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Of all classes the rich are the most noticed and the least studied.
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Inventions that are not made, like babies that are not born, are rarely missed.
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The happiest time of anyone's life is just after the first divorce.
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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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Private enterprise did not get us atomic energy.
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It takes some skill to spoil a breakfast - even the English can't do it.
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I think without a doubt, that what is called financial genius is merely a rising market.
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I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.
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In the assumption that power belongs as a matter of course to capital, all economists are Marxians.
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More die in the United States of too much food than of too little.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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You roll back the stones, and you find slithering things. That is the world of Richard Nixon.
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Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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There are a significant number of learned men and women who hold that any successful effort to make ideas lively, intelligible and interesting is a manifestation of deficient scholarship. This is the fortress behind which the minimally coherent regularly find refuge.
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The more underdeveloped the country, the more overdeveloped the women.
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All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
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