John Kenneth Galbraith: Wealth Is
on Sunday, July 31, 2022John Kenneth Galbraith Money Quote saying that we all expect there is some truth in wealth being advantageous. John Kenneth Galbraith said:
“Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive” — John Kenneth Galbraith
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John Kenneth Galbraith is acknowledging that while critics have argued wealth does not necessarily lead to benefits or happiness, that case has not been very convincing to most people.
His quote suggests that wealth does provide some advantages or benefits, contrary to those who say it does not improve one’s life.
The best interpretation is that Galbraith is pointing out that most find the idea that wealth can enhance well-being and opportunities to be quite persuasive, even if its accumulation is not a guarantee of happiness or fulfillment.
He seems to be conceding that wealth likely does confer some advantages, as this perspective has held more sway than the view that it is meaningless.
Birthday: October 15, 1908 – Death: April 29, 2006