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I should quote Galbraith more extensively, he's very entertining on this particular point. I dont think much has changed since the 60's - if anything there's been a backlash.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Thu Jul 17th, 2008 at 05:30:31 AM EST
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... not for the position of the majority of the profession, but rather for their much weaker ability to deny legitimacy to dissent.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sun Jul 20th, 2008 at 01:10:47 PM EST
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