A Quote by Andrew Adonis, Baron Adonis
Opening up closed markets to competition and protecting consumers from monopoly-style profits is the essence of pro-business politics on the modernising right as much as the left.
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If a company is not a monopoly, then the law assumes market competition can restrain the company's actions. No problem. If a monopoly exists, but the monopoly does not engage in acts designed to destroy competition, then we can assume that it earned and is keeping its monopoly the pro-consumer way: by out-innovating its competitors.
You want an idea that turns into a monopoly. But you can't get a monopoly, in a big market right away; too much competition for that.
Competition does a much more effective job than government at protecting consumers.
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.
I think one purpose is very clear among corporations and business leaders: make profits, deliver high return for stockholders, conquer markets, service consumers and create jobs. But in today's world, demands from corporations and leaders are much more than that. We need to understand what people really want at the very end.
Organized business has assumed that greater profits would be pretty much of a cure-all, and it has to a major extent ignored the fact that the welfare of business rests upon the welfare of the consumers of a nation; that business or free enterprise will function in a democracy only so long as the democracy functions.
I guess my point in general is that, if you look closely, who is in politics to self-identify - these are the people who flip easily, from right to left, pro-Muslim to anti-Muslim, etc. - versus who, whether on the right or left, is moved by genuine interest and empathy.
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.
Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied... He who serves the public best, makes the highest profits.
David and Charles Koch are pretty much as far right as you can get on the ideological spectrum without falling off. They are far right libertarians, very anti-government, very pro-business, very anti-tax, anti-regulatory, in favour of free markets ruling the day.
It is not competition, but monopoly, that deprives labor of its product. Destroy the banking monopoly, establish freedom in finance, and down will go interest on money through the beneficent influence of competition. Capital will be set free, business will flourish, new enterprises will start, labor will be in demand, and gradually the wages of labor will rise to a level with its product.
I had been a radical, a left-wing politico, and meeting the Indian people made me realize that the politics of the left and the right were so much less important than the politics of the heart and the spirit.
Brexit has changed everything in British politics - it has blown open a cosy, zombie-like closed world of Westminster parliamentary politics. It has broken open the traditional line between left and right, which was already an exhausted tradition.
Incumbents have long promoted regulation in the name of protecting consumers when their actual goal is to block new entrants and stifle competition.
The Business Profits Tax, which is imposed on in-state businesses, we need to impose the same thing on out-of-state businesses, because the way the Business Profits Tax is calculated, it is highly dependent on how much sales and profits are generated in-state.
I think the single most important political distinction today is actually between open-minded versus closed-minded, and that's why I think this crosses the boundaries of traditional - center-right and center-left have much more in common with each other right now than the right does with the center-right, and the left does with the center-left.
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