John Kenneth Galbraith - The New Industrial State (1967)

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Men are, in fact, either sustained by organization or they sustain organization.

John Kenneth Galbraith
While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters.

John Kenneth Galbraith
No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.

John Kenneth Galbraith
The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products.

John Kenneth Galbraith
In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also, unfortunately, when there is just enough.

John Kenneth Galbraith
In the assumption that power belongs as a matter of course to capital, all economists are Marxians.

John Kenneth Galbraith
We are becoming the servants in thought, as in action, of the machine we have created to serve us.

John Kenneth Galbraith
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.

John Kenneth Galbraith
What is called a high standard of living consists, in considerable measure, in arrangements for avoiding muscular energy, increasing sensual pleasure and for enhancing caloric intake above any nutritional requirement. Nonetheless, the belief that increased production is a worthy social goal is very nearly absolute.

John Kenneth Galbraith
In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.

John Kenneth Galbraith
It is not the individual's right to buy that is being protected. Rather, it is the seller's right to manage the individual.

John Kenneth Galbraith
But it can be laid down as a rule that those who speak most of liberty are least inclined to use it.

John Kenneth Galbraith
The first goal of the technostructure is its own security.

John Kenneth Galbraith