February 24th, 2015

CONSUMERS’ SOVEREIGNTY AND NATURAL VS. CONTRIVED SCARCITIES

by Richard Ebelling One of the great myths about the […]

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One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth.

In the free market, consumers are the sovereign rulers who determine what gets produced, and with what qualities and features. The sovereign consumers also determine who will be the owners and entrepreneurs of business enterprises.

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