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Taming Predatory Capitalism

In: Unbearable Cost

Author

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  • James K. Galbraith

Abstract

In 1899 Thorstein Veblen described predation as a phase in the evolution of culture, ‘attained only when the predatory attitude has become the habitual and accredited spiritual attitude … when the fight has become the dominant note in the current theory of life’. After an entire century’s struggle to escape from this phase, we’ve suffered a relapse. The predators are everywhere unleashed; the institutions built to contain them, from the UN to the AFL-CIO to the SEC, are everywhere under siege. Predation has become again the defining feature of economic life; our first problem is to grasp this reality in full.

Suggested Citation

  • James K. Galbraith, 2006. "Taming Predatory Capitalism," Palgrave Macmillan Books, in: Unbearable Cost, pages 219-220, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23672-1_62
    DOI: 10.1057/9780230236721_62
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    Cited by:

    1. Ali Farazmand, 2017. "Governance Reforms: the Good, the Bad, and the Ugly; and the Sound: Examining the Past and Exploring the Future of Public Organizations," Public Organization Review, Springer, vol. 17(4), pages 595-617, December.
    2. Ali Farazmand, 2013. "Conclusion: Can We Go Home? Roads Taken, Targets Met, and Lessons Learned on Governance and Organizational Eclecticism in the Public Arena," Public Organization Review, Springer, vol. 13(2), pages 219-228, June.

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