A Quote by Herbert Hoover

Competition is not only the basis of protection to the consumer, but is the incentive to progress. — © Herbert Hoover
Competition is not only the basis of protection to the consumer, but is the incentive to progress.
When the consumer is strong, the American economy will be strong, so consumer protection actually serves economic growth and economic progress.
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
Only in situations where competition is illegal will competition not act naturally to bring the best product at the lowest price to the consumer.
Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.
By competition the total amount of supply is increased, and by increase of the supply a competition in the sale ensues, and this enables the consumer to buy at lower rates. Of all human powers operating on the affairs of mankind, none is greater than that of competition.
While control is needed, and perfectly warranted, our bias should be clear up front: Monopolies are not justified by theory; they should be permitted only when justified by facts. If there is no solid basis for extending a certain monopoly protection, then we should not extend that protection.
We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.
In South Jersey, as in many places around the country, we only have one cable company to choose from so there is no competition and therefore no incentive for good service, programming or competitive pricing.
It's a very wise thing for people to rationally sit down and look at what the risks are not only on a daily basis, on a weekly basis, on a monthly basis, on a yearly basis, on a lifetime basis, and then plan one's life accordingly.
If there is to be a competition, there must be some basis for resolving it. It is also clear that the competition should be experienced based.
This is the standard procedure for corporate growth these days; one company buys up another on loans that are floated on the basis of future earnings, and the monopoly or oligopoly created in this way produces the necessary funds by squeezing out competition, and passing the costs along to the consumer. The bucket that holds the new wealth is called a corporation.
Environmental protection and economic development are not in conflict. Environmental protection is not a burden but a source for innovation. It can increase competition, create jobs, and lifts the economy.
Progress not perfection... you can't be perfect everything... but you can gain progress on a daily basis.
It's classic the way liberalism works. If anybody has an advantage over anybody for any reason, it's not permitted. It's not fair. And it's got to be regulated and equalized. And in the process, competition's destroyed and when competition goes, so do consumer advantages.
Truth is, of its essence, liberating, as it is possessed of no contrivance or conceit - that it provides the only genuine basis for progress and that the future can only be found in truth.
In fast-moving, progress-conscious America, the consumer expects to be dizzied by progress. If he could completely understand advertising jargon he would be badly disappointed. The half-intelligibility which we expect, or even hope, to find in the latest product language personally reassures each of us that progress is being made: that the pace exceeds our ability to follow.
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