The Culture of Contentment
Author | : John Kenneth Galbraith |
Publisher | : Princeton University Press |
Total Pages | : 176 |
Release | : 2017-08-29 |
Genre | : Business & Economics |
ISBN | : 0691171653 |
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The world has become increasingly separated into the haves and have-nots. In The Culture of Contentment, renowned economist John Kenneth Galbraith shows how a contented class—not the privileged few but the socially and economically advantaged majority—defend their comfortable status at a cost. Middle-class voting against regulation and increased taxation that would remedy pressing social ills has created a culture of immediate gratification, leading to complacency and hampering long-term progress. Only economic disaster, military action, or the eruption of an angry underclass seem capable of changing the status quo. A groundbreaking critique, The Culture of Contentment shows how the complacent majority captures the political process and determines economic policy.