The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.
About this quote
- What does it mean?
- Modern economics is a struggle between corporations and the state, not just workers and capital.
- In plain terms
- Business versus government is the main conflict now.
- What can you take from it?
- Corporate-state dynamics shape modern economies.
Where it applies
Putting it to work
Questions to consider
- Who holds power in your economy?
- Is state vs enterprise the main divide?
Another view
Labor-capital relations remain important in many areas.
More from John Kenneth Galbraith
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