John Kenneth Galbraith
Canadian-American liberal economist John Kenneth Galbraith also wrote about a similar phenomenon under Capitalism, the emergence of a technocratic layer in The New Industrial State, and The Affluent Society.
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“Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.”
—John Kenneth Galbraith (b. 1908)
“Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.”
—John Kenneth Galbraith (b. 1908)
“In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.”
—John Kenneth Galbraith (b. 1908)
“It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.”
—John Kenneth Galbraith (b. 1908)