The sharper the competition, the better it serves its social function to improve economic production.
Ludwig von MisesThe fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.
Ludwig von MisesThe consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.
Ludwig von Mises