The Culture of Contentment
- ISBN-10
- 0691171653
- ISBN-13
- 9780691171654
- Category
- Business & Economics
- Pages
- 176
- Language
- English
- Published
- 2017-08-29
- Publisher
- Princeton University Press
- Author
- John Kenneth Galbraith
Description
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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