Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

January 23, 2011

The privileged have regularly invited their own destruction with their greed.

[JKG: tallest, farthest left]

The greater the wealth, the thicker will be the dirt.

The economic system operates effectively only within firm rules of behavior. The first is common honesty – truth must be conveyed as essential information to investors, the public at large and, as already specified, to consumers. In the field of finance, however, it is especially likely that, misconduct being remunerative and damaging, this will not occur. Regulation must, accordingly, prevent false or misleading reporting as to business performance and earnings as to investment prospects. And there are numerous other designs for bilking the minimally informed or mentally innocent. p. 79

The Good Society, John Kenneth Galbraith, 1996

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