Authority Quote by John Maynard Keynes
“Nothing can preserve the integrity of contact between individuals, except a discretionary authority in the state to revise what has become intolerable. The powers of uninterrupted usury are too great. If the accretions of vested interests were to grow without mitigation for many generations, half the population would be no better than slaves to the other half.”
About This Quote
Source Book: The General Theory of Employment, Interest and Money, 1936
Unchecked accumulation of power and wealth leads to systemic inequality, requiring state intervention to prevent exploitation.
In simple terms: Power concentrates, state must intervene.
Implement fair regulation.
Themes
Mood
Type
When to use this quote
- tax reform
- anti‑monopoly law
- public oversight
- social safety nets
Key Concepts
Questions to Reflect On
- How can we balance regulation with freedom?
- What safeguards prevent state abuse?
State action may stifle innovation or over‑centralize control.