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“The privileged have regularly invited their own destruction with their greed.”

John Kenneth Galbraith

Source: The Age of Uncertainty (1977), Chapter 10, p. 293

“The process by which banks create money is so simple that the mind is repelled.”

John Kenneth Galbraith

Source: Money: Whence It Came, Where It Went (1975), Chapter III, Banks, p. 18

Money

“Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.”

John Kenneth Galbraith book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter VI, The Crash, p. 104

“No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.”

John Kenneth Galbraith book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter I, A Year To Remember, p. 4

Decision

“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

The Ashes of Capitalism and the Ashes of Communism (1986)

War , Communication

“You roll back the stones, and you find slithering things. That is the world of Richard Nixon.”

John Kenneth Galbraith

Speech of Adlai Stevenson, Los Angeles (1956), written by Galbraith

World

“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 book The New Industrial State

Source: The New Industrial State (1967), Chapter XXII, Section 4, p. 255

“In the assumption that power belongs as a matter of course to capital, all economists are Marxians.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter V, Section 2, p. 49

“The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter VI, Section 2, p. 62

Men , Knowledge , Science

“Our political life favors the extremes of speech; the man who is gifted in the arts of abuse is bound to be a notable, if not always a great figure.”

John Kenneth Galbraith book The Great Crash, 1929

Chapter VI https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929, Things Become More Serious, Section II, p 110
The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929)

Life , Art

“People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right. The sensitivity of the poor to injustice is a trivial thing compared with that of the rich.”

John Kenneth Galbraith

Source: The Age of Uncertainty (1977), Chapter 1, p. 22

God , People , Stupidity , Feeling

“In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading asyndicate that was driving the market down.”

John Kenneth Galbraith book The Great Crash, 1929

Source: The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929), Chapter VIII, Aftermath I, Section III, p. 141

“THE INDUSTRIAL SYSTEM requires that prices be under effective control. And it seeks the greatest possible influence over what buyers take at the established prices.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter XX, Section 1, p. 219 (Caps as per text...)

“Only in very recent times has the average man been a source of savings.”

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter IV, Section 2, p. 37

Time

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

John Kenneth Galbraith book The New Industrial State

Source: The New Industrial State (1967), Chapter VIII, Section 5, p. 96

Men

“There is something wonderful in seeing a wrong-headed majority assailed by truth.”

John Kenneth Galbraith

The Guardian [UK] (28 July 1989)

Truth

“The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.”

John Kenneth Galbraith

The Ashes of Capitalism and the Ashes of Communism (1986)

Money

“We do not manufacture wants for goods we do not produce.”

John Kenneth Galbraith book The Affluent Society

Source: The Affluent Society (1958), Chapter 9, Section VI, p. 113

“The family which takes its 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.”

John Kenneth Galbraith book The Affluent Society

Source: The Affluent Society (1958), Chapter 18, Section I, p. 199

Family

“There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.”

John Kenneth Galbraith

The New York Times Magazine (9 October 1960)

Beauty , Beauty