Quote by Ludwig von Mises on Capitalism and Consumers

„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 MisesLudwig von Mises explains the central role of consumers as the true sovereigns in the capitalist system.
PreviousNext

Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This quote emphasizes the role of consumers as the ultimate decision-makers in a capitalist system.


Translation or original: 🇩🇪Click here

Quelle: Hier klicken

i

3.0 / 5

Ludwig von Mises quote about capitalism and consumers

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

Quote image featuring Charles Wright Mills on the relationship between market sovereignty and political powerCopyright © yoice.net – Quote Artwork
/
0 Comments
"The market is sovereign and in the magic economy of the small entrepreneur there is no authoritarian center... in the political sphere... the equilibrium of powers prevails, and hence there is no chance of despotism." Charles Wright Mills
Read more
Capitalism and socialism quote by Ludwig von MisesCopyright © yoice.net – Quote Artwork
/
0 Comments
"Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management." Ludwig von Mises
Read more
Quote by Wolfgang Streeck about markets deciding economic order and political powerlessnessCopyright © yoice.net – Quote Artwork
/
0 Comments
"We don't decide anything. It's decided for us: by the 'markets' and, following their lead, by governments. One has to be careful with language, not to talk oneself into a responsibility one doesn't actually have or that's being taken away from one. 'We' don't need to consider what we'd prefer, because it doesn't matter anyway. Questions of economic order and the distribution of economic benefits are currently decided by summits and central bankers under pressure from large corporations, especially the financial sector. 'We' will only have a say when we understand that, fundamentally, we have no say at all." Wolfgang Streeck
Read more
Quote by Dr. Gustav Heinemann on democracy and popular sovereigntyCopyright © yoice.net – Quote Artwork
/
0 Comments
"A people that is governed by a power must know the power by which it is governed. The people must direct and control that power. They must step in when it commits crimes; otherwise, the people become accomplices. The foundation of democracy is popular sovereignty, not the authority of a paternalistic state. It is not the citizen who stands in a relationship of obedience to the government; rather, the government is accountable to the citizen for its actions within the framework of the law. The citizen has the right and the duty to call the government to order if he believes that democratic rights are being violated." Dr. Gustav Heinemann
Read more
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Quote by Ludwig von Mises on Central Planning and DictatorshipLudwig von Mises quote about central planning and individual freedomCopyright © yoice.net – Quote ArtworkScience and truth quote image by Guy ConsolmagnoCopyright © yoice.net – Quote ArtworkScience and Truth – Quote by Guy Consolmagno