Even the protective functions of the state are most important for those in the lower income brackets. Lethal serum and poison drugs do, one gathers, work rather democratically on rich and poor alike. But many of us could probably survive a certain amount of exploitation in our prescriptions, fraud in our food packaging, mendacity in our dental advertising, or thimblerigging in our securities. We live in parts of cities where epidemics are less likely. The family that struggles to make ends meet, the widow with life-insurance money around loose, the dwellers in urban tenements need the protection of an alert FTC, FDA, SEC, and Public Health Service.

John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
“Wealth and Poverty,” Speech, National Policy Committee on Pockets of Poverty (13 Dec 1963)

See sourcing notes here.

Added on 14-Sep-15 | Last updated 14-Sep-15
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