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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
Talk of revolution is one of avoiding reality.
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All writers know that on some golden mornings they are touched by the wand they are on intimate terms with poetry and cosmic truth. I have experienced these moments myself. Their lesson is simple: It's a total illusion. And the danger in the illusion is that you will wait for those moments.
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Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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Writing is a long and lonesome business back of the problems in thought and composition hover always the awful questions: Is this the page that shows the empty shell? Is it here and now that they find me out?
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Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.
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If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to trickle down economics).
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
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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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Because of his compassion Owen was always in trouble with his partners. They would have much preferred a tough, down-to-earth manager who would get a days work out of the little bastards.
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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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We all agree that pessimism is a mark of superior intellect.
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There is something wonderful in seeing a wrong-headed majority assailed by truth.
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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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The family which takes it mauve and cerise, air conditioned, power-steered, and power braked automobile out for a tour passes through cities that are badly paved, made hideous by litter, blighted buildings, billboards, and posts for wires that should long since have been put underground.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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Ideas do not respect national frontiers, and this is especially so where language and other traditions are in common.
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Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.
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Men are, in fact, either sustained by organization or they sustain organization.
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Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
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Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
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