21 sats \ 3 replies \ @BTCLNAT 31 Aug \ parent \ on: Human Action BooksAndArticles
The concept of consumer sovereignty has been frequently used to refer to the determining role played by consumer preferences in the allocation of resources in an economy.
The concept has also been used by various authors, such as Von Mises (1949, p. 271), based on the democracy-market analogy, to affirm that, just as in the case of an elector who chooses his governors in an electoral process, the consumer, based on his consumption decisions, defines which company or service will prevail in the market.
Neither the common citizen chooses his governors nor does the consumer decide which company or service prevails in the market. Let's be honest, political and economic history shows that governors are put in place by those who have economic power and they also decide which companies or services prevail in the market.
In any case, if someone decides that he has sovereignty in a slave system such as the current centralized world,
it is his right to think so. I will not be the one to make him change his point of view.
This is overly cynical and just plain false. There was no cabal of powerful people who decided to make Kit-Kat bars popular. The products you see and the features they have are overwhelmingly a response to consumer demand. When people stop buying stuff it disappears from the market. "Normal, natural people" have a lot of say and a lot of power.
There are plenty of the problems you describe, but we live in a world that is quite sensitive to people's preferences.
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Cynicism: Shamelessness in lying or in defending and practicing reprehensible actions or doctrines.
First I apologize if I have in any way offended you in your knowledge, I recognize that you are a person with prestige within the platform, which for me is very good, and I am neither an economist nor a philosopher, but I did not think that expressing my point of view was in any way censurable or offensive to you. I reiterate my apologies.
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You're definitely not offending me and you don't have to worry about doing so. "Cynical" has several meanings and I didn't mean to impugn your motives. My use of the term was more to say that you're ascribing malevolent motives to mundane things.
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