Quote by John Kenneth Galbraith, The New

The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products.

The individual serves the industrial system not by supplying

Summary

This quote suggests that in the context of industrialization, the role of individuals is primarily seen as consumers rather than producers. Instead of helping the industrial system through saving and investing, individuals contribute to its viability by purchasing and using its products. It implies that consumption plays a crucial role in supporting the capitalist structure and is essential for its functioning. The quote underscores the significance of consumerism in driving the economic growth and success of industrial societies.

Topics

Consumerism

By John Kenneth Galbraith, The New

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