Long run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with communism, lies the threat to capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.

John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
The Great Crash, 1929, ch. 10 “Cause and Consequence” (1954)

 
Added on 13-Apr-12 | Last updated 13-Apr-12
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