|

CONSUMERS’ SOVEREIGNTY AND NATURAL VS. CONTRIVED SCARCITIES

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

dreamstime xs 22275745

Image by © Dreamstime

by Richard Ebelling

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.

Continue reading…

Author

The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.

Do you like the article?

We are glad you do! Please consider donating if you want to read more articles like this one.

Related

Share this article!
Join our community and stay updated!