A Quote by Ludwig von Mises

The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people. — © Ludwig von Mises
The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.
Media is set up to give information to the people - at least that's what it says. But we all know in the U.S. that media is a capitalistic system, people are getting paid to write things, they have bosses and editors, and they have bosses, and they put pressure on people to write intriguing stories that catch the eye.
The real bosses, in the capitalist system of market economy, are the consumers.
The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.
The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
The members of a body-politic call it "the state" when it is passive, "the sovereign" when it is active, and a "power" when they compare it with others of its kind. Collectively they use the title "people," and they refer to one another individually as "citizens" when speaking of their participation in the authority of the sovereign, and as "subjects" when speaking of their subordination to the laws of the state.
While there are still imperialist aggressors, the state that has no defense power of its own to protect its sovereignty against the internal and external enemies is, in fact, not a fully independent and sovereign state.
For some reason, everyone says "fashion is responsible for skinny models." I don't believe that myself. I believe consumers dictate commercial success and trends in a capitalistic society. So I believe if consumers wanted to see - like, who decided that Barney the Dinosaur was going to be a million-dollar industry?
The reverse is a system in which you basically let people who were leaders in one way or another - people sometimes decried as party bosses, people who are part of special interests make the decision. And I think that's a worse system than the one we have.
How can you have the religion of the sovereign be the religion of the state if the sovereign belongs to many religions? And it's at that point, I think, historically, that you start to see people saying maybe the state should not associate itself with any religion. Maybe there shouldn't be any official religion.
We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals - prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly.
Either we are a sovereign state, or we are not! As long as we are not, we have no business in a community of sovereign states.
A constitution is the arrangement of magistracies in a state, especially of the highest of all. The government is everywhere sovereign in the state, and the constitution is in fact the government.
It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.
The best way of learning to be an independent sovereign state is to be an independent sovereign state.
The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.
This site uses cookies to ensure you get the best experience. More info...
Got it!