Word: galbraith
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Kennedy was wedded to the old-style liberalism before he wandered into the presidential buzz saw. He knew nothing else. The politics that he learned he got from his brothers and their counselors, like Historian Arthur Schlesinger Jr. and Economist John Kenneth Galbraith, relentless disciples of the New Deal. Kennedy's convention speech may have been a declaration of new understanding acquired in today's world. Its specifics are almost less important than the sense of the moment that the speech acknowledged. It was a time for poetry in the affairs of the country, a moment to show spirit...
...alternately describe as 'a handout" and "a giveaway program" helped codify many of their ideas about the economy. "It's not only Carter but the whole socialist giveaway, welfare state, with its endless social programs and wasteful spending, begun under Roosevelt and propagandized by those like J.K. Galbraith and other college professors who accept good salaries and hope for tenure and long vacations, as well as sabbatical leaves, and yet so hypocritically criticize capitalism that provides this largesse for them," Gordon B. Worcester writes to his class. But Elliot, a lobbyist, emerges with an opposite view, "I reached the never...
...scholars, all college graduates, will study under a total of 44 visiting lecturers, including Economist John Kenneth Galbraith (the only foreigner scheduled), Science Fiction Writer Sakyo Komatsu, Tea Ceremonies Master Soshitsu Sen and Matsushita's electronics competitor Masaru Ibuka, founder of the Sony Corp. After three years of this lecture blizzard, students will be dispatched "to grasp some of the realities of life" in offices and factories and will be sent for six months to a foreign country of their own choosing...
...system perpetuates grave inequalities of wealth and extravagantly rewards success. Communists proclaim that capitalism demands periodic depressions as the way to keep workers poor and subservient. Psychoanalyst Erich Fromm wrote that 19th century capitalism's drive for profit made people overly competitive, warped and aggressive. Finally, Economist John Kenneth Galbraith argues that free enterprise values wasteful private consumption more than needed public services...
...divergence of two of the honorees' views from his own did not disturb Galbraith, who said, "I never thought that good teaching involved agreement with Galbraith--although I always welcome...