The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.
John Kenneth GalbraithI would put primary emphasis on a good standard of living equitably distributed. It can't be equal, but one that eliminates the terrible cruelty of poverty.
John Kenneth GalbraithMoney is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.
John Kenneth GalbraithClearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.
John Kenneth GalbraithWorld War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending for war. During the Depression very modest outlays for the unemployed seemed socially debilitating, economically unsound. Now expenditures many times greater for weapons and soldiers were perfectly safe. It's a difference that still persists.
John Kenneth Galbraith