A Quote by Thomas Sowell

Competition does a much more effective job than government at protecting consumers. — © Thomas Sowell
Competition does a much more effective job than government at protecting consumers.
The government is already involved from an entertainment standpoint. I mean, they regulate a large part of our entertainment. What we're trying to do as an industry is be proactive and drive it much more positively, much more effectively, than the government can, and that's what the ESA is all about[....]We think we're doing a pretty effective job, and certainly from an Nintendo perspective, we think the ESA is the way to go.
What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.
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.
Incumbents have long promoted regulation in the name of protecting consumers when their actual goal is to block new entrants and stifle competition.
And the true listener is much more beloved, magnetic than the talker, and he is more effective and learns more and does more good
Imports create competition and keep domestic industry more responsive to consumers. In the United States, we import everything consumers want. So why not pharmaceuticals?
We got government off the backs of the people of India, particularly off the backs of India's entrepreneurs. We introduced more competition, both internal competition and external competition. We simplified and rationalized the tax system. We made risk-taking much more attractive.
The government is always looking for something that appears more dangerous than itself, and these criminals seem to fit the bill. Never mind that it was the government that promised but failed to protect us. It was the government that prevented the airlines from protecting themselves. It was the government that so badly botched the rescue operations. It was the government that had stirred up the hate that led to the terrorism.
There is nothing wrong with describing Conservatism as protecting the Constitution, protecting all things that limit government. Government is the enemy of liberty. Government should be very restrained.
From the very start, I thought there were four key principles that the agency should focus on: driving private investment, driving innovation, promoting competition, and protecting consumers.
The government has a key role in regulating and making sure there's an even playing field and protecting consumers. No question about it.
Citizens continue to demand government help in fighting cybercrime, defending children from stalkers and bullies, and protecting consumers.
It is doubtful that the government knows much more than the public does about how government [Economic] policies will work.
What's been important in my understanding of myself and others is the fact that each one of us is so much more than any one thing. A sick child is much more than his or her sickness. A person with a disability is much, much more than a handicap. A pediatrician is more than a medical doctor. You're MUCH more than your job description or your age or your income or your output.
I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power that others have over us allows us to have markets. Friedman argued that no matter how wise the officials of government may be, market competition does a better job of protecting us from idiots.
If President Bush does a lousy job, then he'll lose power. If the guy at McDonalds who's selling burgers does a great job, then he'll be much more powerful than President Bush.
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