Abstract
In 1899 Thorstein Veblen described predation as a phase in the evolution of culture, ‘attained only when the predatory attitude has become the habitual and accredited spiritual attitude … when the fight has become the dominant note in the current theory of life’. After an entire century’s struggle to escape from this phase, we’ve suffered a relapse. The predators are everywhere unleashed; the institutions built to contain them, from the UN to the AFL-CIO to the SEC, are everywhere under siege. Predation has become again the defining feature of economic life; our first problem is to grasp this reality in full.
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© 2006 James K. Galbraith
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Galbraith, J.K. (2006). Taming Predatory Capitalism. In: Unbearable Cost. Palgrave Macmillan, London. https://doi.org/10.1057/9780230236721_62
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DOI: https://doi.org/10.1057/9780230236721_62
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-01901-0
Online ISBN: 978-0-230-23672-1
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