But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.


Chapter X, Cause and Consequence, p. 199 - The Great Crash, 1929 (1954 and 1997)

John Kenneth Galbraith Quotes

But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has...

But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has...

But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has...

But now, as throughout history, financial capacity and political perspicacity are inversely correlated. Long run salvation by men of business has...