Consumer democracy

left It has been suggested that this article or section be merged into Ludwig von Mises. (Discuss) (into Ludwig von Mises) Consumer democracy is a system in which the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers' ballot, held daily in the market-place. Sourced The market process is a daily repeated plebiscite, and it ejects inevitably from the ranks of profitable people those who do not employ their property according to the orders given by the public. — Liberty and Property 10 von Mises, Ludwig The consumers are continuously shifting control of the material factors of production into the hands of those entrepreneurs, capitalists, and landowners who are most successful in supplying them, the consumers, in the cheapest and best possible way. Thus, in the capitalistic economy control of the factors of production is, as it were, a revocable mandate granted by the public. The operation of the market, in a daily repeated plebiscite, assigns to everybody the place in which he is to contribute to the united effort of all. This daily plebiscite determines the height of everybody's income. — http://mises.org/efandi/ch16.asptitle=Economic Freedom and Interventionism von Mises, Ludwig National Review June 22, 1957 Mostly it is there in the hands of consumers to choose and make market leaders in that particular industry. — Behavioral Issues in Consumer Democracy: Consumer Behaviour Dr. Srividya Nadindla GRIN Verlag 2011 3656083207 Category:Democracy