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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
Great
Servant
Perpetuated
Consumers
Puppet
Corporations
Puppets
Myth
Corporation
Market
Consumer
Fact
Powerless
Facts
Devices
Power
Holds
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But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.
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Of all classes the rich are the most noticed and the least studied.
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The privileged have regularly invited their own destruction with their greed.
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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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We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.
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Economic stimulation that works through the increased outlays to the affluent has, inevitably, an aspect of soundness and sanity that is lacking in expenditure on behalf of the undeserving poor.
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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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In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.
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Economists are economical, among other things, of ideas most make those of their graduate days do for a lifetime.
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Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.
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The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
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We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.
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It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.
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Happiness does not require an expanding economy
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There is wonder and a certain wicked pleasure in these giddy ascents and terrible falls, especially as they happen to other people.
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