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“ ”I would now, however, more strongly emphasize, and especially as to the United States, the inequality in income and that it is getting worse — that the poor remain poor and the command of income by those in the top income brackets is increasing egregiously. So is the political eloquence and power by which that income is defended. This I did not foresee.
About John Kenneth Galbraith
John Kenneth Galbraith (15 October 1908 – 29 April 2006) was a Canadian-American economist and author.
Biography information from Wikiquote
Additional quotes by John Kenneth Galbraith
There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.
In the world of minor lunacy, the behavior of both the utterly rational and the totally insane seems equally odd.
The capacity for erroneous belief is very great, especially where it coincides with convenience.