Skip to content

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…” quote by John Maynard Keynes
Download Open image
“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.”

John Maynard Keynes

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.

Key Takeaway

Implement fair regulation.

Themes

economics politics inequality government justice

Mood

concerned critical

Type

analytical policy‑oriented

When to use this quote

  • tax reform
  • anti‑monopoly law
  • public oversight
  • social safety nets

Key Concepts

public policy wealth distribution social contract

Questions to Reflect On

  • How can we balance regulation with freedom?
  • What safeguards prevent state abuse?
A Different Perspective

State action may stifle innovation or over‑centralize control.

3.2 out of 5 (10 ratings)

More by John Maynard Keynes

Explore all 246 John Maynard Keynes quotes

More Authority quotes

Browse all 4,003 Authority quotes