One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.
John Kenneth GalbraithRead
The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.
Interpretation
What this quote means
This quote reflects the perceived lack of accountability within the financial sector towards societal welfare.
John Kenneth Galbraith criticizes the financial community's minimal sense of responsibility towards the broader community. He emphasizes that the focus on profit often overshadows the importance of contributing to societal well-being, suggesting a disconnect between financial interests and social responsibilities.
Themes
ResponsibilityFinanceCommunityAccountabilityProfit
In practice
Example use cases
In a speech about corporate ethics, one might reference this quote to illustrate the need for accountability in business practices.
More from John Kenneth Galbraith
All quotes βIf all else fails, immortality can always be assured by spectacular error.
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
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All successful revolutions are the kicking in of a rotten door.
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Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
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People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
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