“When the modern corporation acquires power over markets, power in the community, power over the state and power over belief, it is a political instrument, different in degree but not in kind from the state itself.”
Power and the Useful Economist (1973)
Context: When the modern corporation acquires power over markets, power in the community, power over the state and power over belief, it is a political instrument, different in degree but not in kind from the state itself. To hold otherwise — to deny the political character of the modern corporation — is not merely to avoid the reality. It is to disguise the reality. The victims of that disguise are those we instruct in error. The beneficiaries are the institutions whose power we so disguise. Let there be no question: economics, so long as it is thus taught, becomes, however unconsciously, a part of the arrangement by which the citizen or student is kept from seeing how he or she is, or will be, governed.
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John Kenneth Galbraith 207
American economist and diplomat 1908–2006Related quotes

“There are two kinds of power. "Power over" is very problematical. "Power within" is very exciting.”
Uncommon Knowledge (2005)
Context: There are two kinds of power. "Power over" is very problematical. "Power within" is very exciting. You can tell the difference by whether you are messing with other people or not.

Speech to Conservative Central Council (15 March 1986) http://www.margaretthatcher.org/speeches/displaydocument.asp?docid=106348
Second term as Prime Minister
Context: Popular capitalism, which is the economic expression of liberty, is proving a much more attractive means for diffusing power in our society. Socialists cry "Power to the people", and raise the clenched fist as they say it. We all know what they really mean— power over people, power to the State. To us Conservatives, popular capitalism means what it says: power through ownership to the man and woman in the street, given confidently with an open hand.

Source: The Modern Corporation and Private Property. 1932/1967, p. 357 (1967, p. 313)

“States have two kinds of power: latent power and military power.”
Source: The Tragedy of Great Power Politics (2001), Chapter 3, Wealth and Power, p. 55