"State Capitalism Comes of Age," http://www.foreignaffairs.com/articles/64948/ian-bremmer/state-capitalism-comes-of-age Foreign Affairs (May/June 2009).
“Let's begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes — indeed, deletes — the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.”
"Free Market Fraud" http://www.thirdworldtraveler.com/Economics/FreeMarketFraudGalbraith.html, The Progressive (January 1999)
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John Kenneth Galbraith 207
American economist and diplomat 1908–2006Related quotes
Interview with Parker in Randall E. Parker(ed.), Reflection on the Great Depression (2002)
Studies in Mutualist Political Economy (2007), Chapter 4.
Studies in Mutualist Political Economy (2007)
Source: Understanding Capitalism: Competition, Command, and Change, 2005, p. 54
1960s-1980s, "The Firm, the Market, and the Law" (1988)
Part 1, Chapter 3, Economic History, p. 43
Economics For Everyone (2008)
“We all too often have socialism for the rich and rugged free market capitalism for the poor.”