New PDF release: American Capitalism: The Concept of Countervailing Power

By J K Galbraith

ISBN-10: 1560006749

ISBN-13: 9781560006749

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Additional info for American Capitalism: The Concept of Countervailing Power

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Haines (the young wife whose husband was out of town five days out of every seven) said: "We've been married eight years and he's always traveled. Usually he's away Monday through Friday. I've adjusted to it. I've learned to fill my days. I feel he's a better husband when he's doing what he does. 43 Copyrighted Material I've learned to keep busy during the week, because when he comes home he doesn't want to go out much. " Most of the women mentioned that they are also responsible for their families' "social arrangements," though only the newcomers spoke of an obligation to entertain in order to advance their husbands ' position.

I wanted people to see us as an ideal couple and to see me as very efficient in entertaining. That's where a woman fits in to a husband's work. There isn't a partner hired in the firm now where they don't look over the qualities of the wife. If my husband were to consider a new partner for the firm, he would make it rus business to be entertained in their home to look over the wife. When we entertain maybe 150 people for dinner at the club, it's mostly for business. " For the newer upperclass families, then, entertaining is one of the ways to become accepted by the established upper class.

Knowing that other classes resent upper-class privileges and position, they seek to legitimate their class privilege by fulfilling financial and volunteer obligations to the community, as will be discussed in Chapter 6. These sometimes burdensome obligations are cited as another disadvantage of upper-class position. Recall Mrs. " When asked about the disadvantages of her way of life, she said: "It's the responsibility of living up to a name. You 32 The Meaning @jJJ:ipl[ight£idsMaterial have a lot of giving to do.

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American Capitalism: The Concept of Countervailing Power by J K Galbraith


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