Both Force And Money Are Impotent Against

What Vitiates Entirely The Socialists Economic Critique Of Capitalism Is Their Failure To Grasp The Sovereignty Of The Consumers In The Market Economy.

A Short Time Ago The Demagogues Blamed Capitalism For The Poverty Of The Masses. Today They Rather Blame Capitalism For The "affluence" That It Bestows Upon The Common Man.

The Real Bosses In The Capitalist System Of Market Economy Are The Consumers. They By Their Buying And By Their Abstention From Buying Decide Who Should Own The Capital And Run The Plants. They Determine What Should Be Produced And In What Quantity And Quality. Their Attitudes Result Either In Profit Or In Loss For The Enterpriser. They Make Poor Men Rich And Rich Men Poor. They Are No Easy Bosses.

The Situation Of Having To Belong To A State To Which One Does Not Wish Is No Less Onerous If It Is The Result Of An Election Than If One Must Endure It As The Consequence Of A Military Conquest.

The Supremacy Of Public Opinion Determines Not Only The Singular Role That Economics Occupies In The Complex Of Thought And Knowledge. It Determines The Whole Process Of Human History.