Capitalism Quote by 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. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.”
About This Quote
Source Book: Economics and the Public Purpose, John Kenneth Galbraith, 1973
Capitalism naturally cycles through speculative booms and busts, driven by inherent instability.
In simple terms: Capitalism repeats speculative cycles.
Recognize and prepare for market volatility.
Themes
Mood
Type
When to use this quote
- investment
- policy making
Key Concepts
Questions to Reflect On
- How can policymakers mitigate speculative excess?
- What signals indicate an emerging bubble?
Predicting timing of cycles is uncertain.