5/10/2012

The anti-capitalistic mentality

On the market of a capitalistic society the common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.

The profit system  makes those men prosper who have succeeded in filling the wants of the people in the best possible and cheapest way.

The wealth of an aristocrat is not a market phenomenon. The feudal lord does not serve consumers and is immune to the displeasure of the populace. But the entrepreneurs and capitalists owe their wealth to the people who patronize their businesses.

The law of economic democracy: those who satisfy the wants of a smaller number of people only collect fewer votes--money--than those who satisfy the wants of more people.


The much talked-about sternness of capitalism consists in the fact that it handles everybody according to his contribution to the well-being of his fellowmen. What makes many feel unhappy under capitalism is the fact that capitalism grants to each the opportunity to attain the most desirable positions which, of course, can only be attained by a few. Everybody is aware of his own defeat and insufficiency. Some people's passionate dislike of capitalism is a mere blind for their hatred of some successful "colleagues".

The essence of the entertainment is variety.


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