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Also present, as a kind of co-host, was the rector of the state university. He asked me if I knew the difference between capitalism and socialism. In capitalism man exploits man. In socialism it is just the reverse.

— John Kenneth Galbraith

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More quotes by John Kenneth Galbraith

When you see reference to a new paradigm you should always, under all circumstances, take cover.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

A Journey Through Economic Time (1994)

American university presidents are a nervous breed; I have never thought well of them as a class.

The Age of Uncertainty (1977)

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.

The Affluent Society (1958)

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Democracy is the wholesome and pure air without which a socialist public organization cannot live a full-blooded life.

Mikhail Gorbachev

Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God's children.

Martin Luther King Jr.

The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.

Winston Churchill

In my opinion, nothing has contributed so much to the corruption of the original idea of socialism as the belief that Russia is a socialist country and that every act of its rulers must be excused, if not imitated.

George Orwell

Attribution

Quote text and notes from Wikiquote: John Kenneth Galbraith (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.