The Culture of Contentment

Business & Finance, Economics, Economic Conditions
Cover of the book The Culture of Contentment by John Kenneth Galbraith, Princeton University Press
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Author: John Kenneth Galbraith ISBN: 9781400889020
Publisher: Princeton University Press Publication: August 29, 2017
Imprint: Princeton University Press Language: English
Author: John Kenneth Galbraith
ISBN: 9781400889020
Publisher: Princeton University Press
Publication: August 29, 2017
Imprint: Princeton University Press
Language: English

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.

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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.

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