Capitalism Quotes by John Kenneth Galbraith

Under capitalism, man exploits man. Under communism, it's just the opposite.

— John Kenneth Galbraith

The inborn instability of capitalism has been part of the history of the system for several hundred years.

— John Kenneth Galbraith

“Under capitalism, man exploits man; while under socialism just the reverse is true.”

— John Kenneth Galbraith

In the market economy the price that is offered is counted upon to produce the result that is sought.

— John Kenneth Galbraith

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between…

— John Kenneth Galbraith

No solution [to the problem of poverty] is so effective as providing income to the poor. Whether in the form of food,…

— John Kenneth Galbraith

A nuclear war does not defend a country and it does not defend a system. I've put it the same way many…

— John Kenneth Galbraith

In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We…

— John Kenneth Galbraith

I begin with the renaming of the system. It used to be capitalism. But that evokes [Karl] Marx and [John] Rockefeller. So…

— John Kenneth Galbraith

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes.…

— John Kenneth Galbraith

Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs…

— John Kenneth Galbraith

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic…

— John Kenneth Galbraith

Let’s begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system.…

— John Kenneth Galbraith

In Europe and the United States the two decades following the Second World War will for long be remembered as a very…

— John Kenneth Galbraith

No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not…

— John Kenneth Galbraith

World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare…

— John Kenneth Galbraith

Capitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857,…

— John Kenneth Galbraith

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally…

— John Kenneth Galbraith

Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the…

— John Kenneth Galbraith

Were it part of our everyday education and comment that the corporation is an instrument for the exercise of power, that it…

— John Kenneth Galbraith

Those who yearn for the end of capitalism should pray for government by men who believe that all positive action is inimical…

— John Kenneth Galbraith

Nothing in our time is more interesting than the erstwhile capitalist corporation and the erstwhile Communist firm should, under the imperatives of…

— John Kenneth Galbraith

Both we and the Soviets face the common threat of nuclear destruction and there is no likelihood that either capitalism or communism…

— John Kenneth Galbraith

It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was…

— John Kenneth Galbraith

Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means…

— John Kenneth Galbraith