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The world has become increasingly separated into the haves and have-nots. In The Culture of Contentment, renowned economist John Kenneth Galbraith shows how a contented class-not the privileged few but the socially and economically advantaged majority-defend their comfortable status at a cost. Middle-class voting against regulation and increased taxation that would remedy pressing social ills has created a culture of immediate gratification, leading to complacency and hampering long-term progress. Only economic disaster, military action, or the eruption of an angry underclass seem capable of changing the status quo. A groundbreaking critique, The Culture of Contentment shows how the complacent majority captures the political process and determines economic policy.

Free enterprise --- Poor --- Social values. --- Since 1980 --- United States --- United States. --- Economic policy --- Economic conditions --- Social conditions --- Foreign relations --- Adam Smith. --- Communism. --- Contented Electoral Majority. --- Contented Majority. --- Democratic Party. --- Eastern Europe. --- Franklin D. Roosevelt. --- New Deal. --- Republican Party. --- Ronald Reagan. --- Western Europe. --- acquisitions. --- arms buildup. --- bureaucracy. --- bureaucratic syndrome. --- capitalism. --- common purpose. --- communism. --- complacency. --- consumers. --- contentment. --- corporations. --- costs. --- crime. --- defense spending. --- democracy. --- depression. --- economic accommodation. --- economic advantage. --- economic discomfort. --- economic life. --- economic policies. --- economic power. --- economic well-being. --- economically advantaged. --- economics. --- effective demand. --- electoral politics. --- external authority. --- financial devastation. --- fiscal policy. --- foreign policy. --- functional underclass. --- government. --- have nots. --- haves. --- immediate gratification. --- immigrants. --- incomes. --- industrial economy. --- inflation. --- inner cities. --- international relations. --- laissez faire. --- loan scandal. --- macroeconomic policy. --- macroeconomic regulation. --- media. --- mergers. --- middle-class voting. --- military action. --- military power. --- military spending. --- military. --- monetarism. --- monetary policy. --- money. --- organization power. --- political behavior. --- political economy. --- politics of contentment. --- politics. --- poor. --- private sector. --- public budget. --- public expenditures. --- public services. --- purchasing power. --- recession. --- recreation. --- regulation. --- resentment. --- savings scandal. --- security. --- self-regard. --- social advantage. --- social disorder. --- social exclusion. --- social unrest. --- socially advantaged. --- supply-side economics. --- tax policy. --- tax reductions. --- taxation. --- the poor. --- thought. --- time. --- underclass revolt. --- underclass. --- urban slums. --- violence. --- war. --- wealth. --- welfare state. --- well-being.