But now, as throughout history, financial capacity and political perspicacity are inversely correlated.
About this quote
- What does it mean?
- There is often a negative relationship between financial power and political insight.
- In plain terms
- People with money often lack political sense, and vice versa.
- What can you take from it?
- Be wary when financial interests dominate political decisions.
Where it applies
Putting it to work
Questions to consider
- Who benefits from this law?
- Does money drive policy?
Another view
Some leaders possess both financial acumen and political skill.
More from 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 good or equally bad. It …
Permalink to quote #1 In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.
Permalink to quote #3 Men have been swindled by other men on many occasions. The autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling the…
Permalink to quote #4
Related quotes
From the union of power and money, from the union of power and secrecy, from the union of government and science, from the union of government and art, from th…
Wendell BerryWendell Berry quote #64 Taxes are not levied for the benefit of the taxed.
Robert A. HeinleinRobert A. Heinlein quote #127 If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Pl…
Ludwig von MisesLudwig von Mises quote #1