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Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism will survive a nuclear war.

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
Either
Soviets
Face
Likelihood
Common
Communism
Faces
Survive
War
Capitalism
Nuclear
Threat
Destruction

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I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.
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Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.
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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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Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.
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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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Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
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Technology means the systematic application of scientific or other organized knowledge to practical tasks.
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No ethic is as ethical as the work ethic.
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Of all classes the rich are the most noticed and the least studied.
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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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Decision has greater virtue and force if taken after there has been eloquent dissent.
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Very important functions can be performed very wastefully and often are.
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A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.
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It was not hard to persuade people that the market was sound as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.
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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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Agriculture is one economic activity that does not obey the laws of demand and supply.
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The conspicuously wealthy turn up urging the character building values of the privation of the poor.
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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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Unemployment is rarely considered desirable except by those who have not experienced it.
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