John Kenneth Galbraith Quotes
Under capitalism, man exploits man. Under communism, it's just the opposite.
John Kenneth Galbraith, 1908–2006, Economist, U. S. Ambassador to India (Democrat), Attributed
Sourced by: Eigen's Political and Historical Quotations
He was a strong foe of both Communism and Capitalism. He was one of the first critics to describe the de facto inequality of Communism.
Since the end of WWII till the breakup of the Soviet Union, the Bulgarians were part of the Soviet Bloc and operated under communism that was supposedly based on Marxism. However it was not in many critical respects. But few modern Russian style Communists are familiar with or understand Marxism.
Ataturk was not receptive toward Communism as some other world leaders were at the time. He saw its weakness far earlier than many others.
The first sentence is often quoted by conservatives in defense of the capitalistic system. However most do not realize that Haldane was actually a socialist who was opposed to capitalism. They were unaware of the second sentence which would make them as unhappy as the first made them happy.
John Kenneth Galbraith OC, also known as Ken Galbraith, was a Canadian-American economist, diplomat, public official and intellectual. A leading proponent of 20th-century American liberalism, his books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.