Tag Archives: economic power

Quote of the Day – Shopping as “Voting”

Once again Ayn Rand’s “Capitalism: The Unknown Ideal” is the source for today’s quote:

Whenever you buy one product rather than another, you are voting for the success of some manufacturer.  And, in this type of voting, every man votes only on those matters which he is qualified to judge: on his own preferences, interests, and needs.  No one has the power to decide for others or to substitute his judgement for theirs; no one has the power to appoint himself “the read more

Quote of the Day – Economic and Political Power

It seems I can hardly open Ayn Rand’s “Capitalism: The Unknown Ideal” without finding quotes worth sharing. This time it is about the difference between economic and political power:

Now let me define the difference between economic power and political power: economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, read more