The power of the market, which is the fulcrum of traditional attitudes, depends on the validity of this assumption. It is a far, far better thing to admit to monopoly profits, even at exploitive levels, than to concede that the market is impotent. (John Kenneth Galbraith)

The power of the market, which is the fulcrum of traditional attitudes, depends on the validity of this assumption. It is a far, far better thing to admit to monopoly profits, even at exploitive levels, than to concede that the market is impotent.

John Kenneth Galbraith

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assumption far fulcrum impotent market monopoly power thing traditional validity profits

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