A Quote by Ludwig von Mises
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
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When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.
The market is a democracy in which every penny gives a right to vote.
Free Trade puts consumers at the centre of economic activity. It lowers the cost of imports, which gives people the opportunity to buy more with the same amount of money: domestic producers have to compete with the lowest global costs or invest in new business.
The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.
Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.
We believe that the developing crisis in the capitalist system, by which we mean both economic stagnation, and the social and political conflicts to which it gives rise, makes it possible to think in terms of developing a sizeable and serious revolutionary socialist party in a way that was not possible 20 or even 10 years ago.
I think what it was about was the people's right to vote and have those votes counted. And if you think back through our history, an awful lot of what we've fought over, struggled for, is the right of people to vote. That's what the civil-rights movement was, at its bottom, about. At the fundamental level, democracy means a government in which the people vote.
The protesters have called into question whether there is a real democracy. Real democracy is more than the right to vote once every two or four years. The choices have to be meaningful. But increasingly, and especially in the US, it seems that the political system is more akin to "one dollar one vote" than to "one person one vote". Rather than correcting the market failures, the political system was reinforcing them.
The American system of democracy is founded on the concept that every citizen has the right to vote, to know that their vote is counted, and that the vote is counted accurately.
The United States of America or the Western countries, they don't have a problem with Islamists as long as they are neoliberal capitalists and promoting the economic order. And the best example is the petro-monarchies. The petro-monarchies, they don't want democracy. They say there is no democracy in Islam. But they are within the economic system.
I believe in the United States of America as a government of the people, by the people, for the people, whose just powers are derived from the consent of the governed; a democracy in a republic; a sovereign Nation of many sovereign States; a perfect Union, one and inseparable, established upon those principles of freedom, equality, justice, and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it, to support its Constitution, to obey its laws, to respect its flag, and to defend it against all enemies.
My father thought, and now I think too, that the system of democracy is entirely based upon the system of justice. If we do not have a system of justice that people believe in, the system of democracy will fail.
If you have an economic system in which there must be a lower class, there must be unemployed. There must be a large pool of people working at the worst jobs and the lowest paid jobs. Once you have a system like that, then the most likely people to be victims of that are people of color.
Public opinion takes no offense at the endeavors of farmers, workers, clerks, teachers, doctors, ministers, and people from many other callings to earn as much as they can. But it censures the capitalists and entrepreneurs for their greed.
The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.
We need to take a close look at the relationship between the economic system of Capitalism and the political system of Democracy. A democracy with high concentrations of private wealth buys votes and interferes with the ability of Capitalism to perform well. It is no longer one citizen, one vote.
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