The Market Is A Democracy

Notwithstanding All The Passionate Fulminations Of The Spokesmen Of Governments, The Inevitable Consequences Of Inflationism And Expansionism...are Coming To Pass. And Then, Very Late Indeed, Even Simple People Will Discover That Keynes Did Not Teach Us How To Perform The 'miracle...of Turning A Stone Into Bread,' But The Not At All Miraculous Procedure Of Eating The Seed Corn.

What Pays Under Capitalism Is Satisfying The Common Man, The Customer. The More People You Satisfy, The Better For You.

The Capitalistic Social Order, Therefore, Is An Economic Democracy In The Strictest Sense Of The Word. In The Last Analysis, All Decisions Are Dependent On The Will Of The People As Consumers. Thus, Whenever There Is A Conflict Between The Consumers' Views And Those Of The Business Managers, Market Pressures Assure That The Views Of The Consumers Win Out Eventually.

It Is Inherent In The Nature Of The Capitalistic Economy That, In The Final Analysis, The Employment Of The Factors Of Production Is Aimed Only Toward Serving The Wishes Of Consumers.

In The Long Run The Ideas Of The Majority, However Detrimental They May Be, Will Carry On. The Future Of Mankind Depends On The Ability Of The Elite To Influence Public Opinion In The Right Direction.