1961, UN speech
Context: For fifteen years this organization has sought the reduction and destruction of arms. Now that goal is no longer a dream — it is a practical matter of life or death. The risks inherent in disarmament pale in comparison to the risks inherent in an unlimited arms race.
In short, general and complete disarmament must no longer be a slogan, used to resist the first steps. It is no longer to be a goal without means of achieving it, without means of verifying its progress, without means of keeping the peace. It is now a realistic plan, and a test — a test of those only willing to talk and a test of those willing to act.
Such a plan would not bring a world free from conflict and greed — but it would bring a world free from the terrors of mass destruction. It would not usher in the era of the super state — but it would usher in an era in which no state could annihilate or be annihilated by another.
But to halt the spread of these terrible weapons, to halt the contamination of the air, to halt the spiraling nuclear arms race, we remain ready to seek new avenues of agreement, our new Disarmament Program thus includes the following proposals:
“The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.”
Source: The Affluent Society (1958), Chapter 8, Section II, p. 87
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John Kenneth Galbraith 207
American economist and diplomat 1908–2006Related quotes
Speech at annual dinner of Fordham University Alumni Association, New York City (February 9, 1939), reported in James Allen, Democracy and Finance (1940, reprinted 1969), p. 291. This was Douglas's last speech as chairman of the Securities and Exchange Commission before his appointment to the Supreme Court.
Other speeches and writings
Source: The transformation of corporate control, 1993, p. 55
Claudio Gentili, “Time out” for Classical Studies? The Future of Italian Liceo Classico in the 4.0 world https://www.researchgate.net/deref/http%3A%2F%2Fdx.doi.org%2F10.15581%2F004.33.127-143, in Estudios Sobre Educacion, 33:127-143, October 2017.
Source: Taking the Risk Out of Democracy: Corporate Propaganda versus Freedom and Liberty (1995), p. 18
Profit Over People (1999).
Quotes 1990s, 1995-1999
Context: The "corporatization of America" during the past century has been an attack on democracy—and on markets, part of the shift from something resembling "capitalism" to the highly administered markets of the modern state/corporate era. A current variant is called "minimizing the state," that is, transferring decision-making power from the public arena to somewhere else: "to the people" in the rhetoric of power; to private tyrannies, in the real world.
Source: The Modern Corporation and Private Property. 1932/1967, p. 355