Veblen called it the price-system. Mills called it the…
““Veblen called it the price-system. Mills called it the Power Elite. It's probably no more than ninety-nine people who don't know what they are doing. They're involved in high finance. Fascinating form of gambling.””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The quote critiques elite financial power as a small, uninformed group treating markets like gambling.
In simple terms: It says a tiny group runs finance like a gamble.
Beware of concentrated financial influence.
Themes
Mood
Type
When to use this quote
- investment decisions
- policy making
- public discourse
- regulatory reform
- media analysis
Key Concepts
Questions to Reflect On
- Who truly controls financial markets?
- How does elite perception affect public trust?
The claim may oversimplify complex economic structures.