According to Galbraith.

Famous American economist, John Kenneth Galbraith (1908 – 2006), said: “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.”

Wonder what Galbraith would have said about our current financial crisis? Or did he predict it with the following statement:

“…the process by which wants are now synthesized is a potential source of economic instability. Production and therewith employment and social security are dependent on an inherently unstable process of consumer debt creation. This may one day falter.”
John Kenneth Galbraith

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