I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still strongly adhere.
John Kenneth GalbraithThe drive toward complex technical achievement offers a clue to why the U.S. is good at space gadgetry and bad at slum problems.
John Kenneth GalbraithWe talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
John Kenneth GalbraithThe individual serves the planning system not by supplying it with savings and the resulting capital; he serves it far more by consuming its products.
John Kenneth GalbraithMr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.
John Kenneth Galbraith