The Consumer is Supreme | Buying or Voting?

#economics #consumer #profit

Economic activity is guided by the consumers. The entrepreneur directs it, but he directs it at the orders of the consumers. A superficial observer might think people are exploited by the capitalists, entrepreneurs, managers, or any other person in a leadership position. They must obey the orders from the consumers. They’ll be replaced by those that will listen to the consumers if they don’t. This is on the free market, not the Leviathan state.

The consumers tell them what to produce, how, where, and give them many more orders. They act at the demands of the consumers. Those in leadership positions do give the orders, but they get their orders from the consumers. They will go bankrupt if they act against the demands of the consumers. They will be replaced by those who do a better job of listening. Consumers control the market by buying and abstention from buying.

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