A Quote by Milton Friedman

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.

Milton Friedman

Quote Topics

Alternative Another Being Buy Competition Consumer Danger Eager Effective Effectively Existence Exploited Far Free Free Trade Great Him His Home Monopoly More Most Private Protect Protected Protection Ralph Sell Seller Sources Supply Than Throughout Trade Whether Whom World

Quote Author

Milton Friedman
American - Economist
July 31, 1912 - November 16, 2006

Rather than empowering all, consumer and shareholder activism gives greatest voice to those with the most money in their pockets, those who can switch from seller to seller with relative ease. Consumer and shareholder activism is a form of protest that favours the middle classes, an outpouring of the dissatisfaction of the bourgeoisie.

Noreena Hertz

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.

Henry Clay

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

Milton Friedman

Free trade or the free market means the sovereignty of the consumer.

Faustino Ballve

In the twentieth century our highest praise is to call the Bible 'The World's Best Seller.' And it has come to be more and more difficult to say whether we think it is a best seller because it is great, or vice versa.

Daniel J. Boorstin

One thing I would say about the Indian consumer is that as much change and as much technology, innovation that you offer to the Indian consumer, the Indian consumer is very receptive and actually keep expecting more, and we have had that great experience.

Chanda Kochhar

The junk merchant doesn't sell his product to the consumer, he sells the consumer to his product. He does not improve and simplify his merchandise. He degrades and simplifies the client.

William S. Burroughs

When the farmer can sell directly to the consumer, it is a more active process. There's more contact. The consumer can know, who am I buying this from? What's their name? Do they have a face? Is the food they are selling coming out of Mexico with pesticides?

Jerry Brown

Xerox did OK in moving to digital in the commercial space. They didn't do well in the consumer market, but they're not a consumer brand. They don't even know how to spell consumer.

Antonio Perez

We marked a milestone for consumer empowerment when we began to publish consumer complaint narratives which allow people to share in their own words their experiences in the consumer financial marketplace.

Richard Cordray

The days of trying to get a consumer to come to you are over. You really have to be in the consumer's world, wherever, whenever and however.

Mindy Grossman

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.

Marvin Ammori

Art.com is a fantastic opportunity to move into the consumer space, as we have the content and now we have the means to go to the consumer and sell to them directly.

Mark Getty

It’s in our best interest to put some of the old rules aside and create new ones and follow the consumer – what the consumer wants and where the consumer wants to go.

Bob Iger

It's in our best interest to put some of the old rules aside and create new ones and follow the consumer - what the consumer wants and where the consumer wants to go.

Bob Iger

Microsoft is unlawfully taking advantage of its Windows monopoly to protect and to extend that monopoly and undermine consumer choice.