The True Democracy of Voluntary Exchange
"In political democracy only the votes cast for the majority candidate or the majority plan are effective in shaping the course of affairs. . . But in the market no vote is cast in vain. Every penny spent has the power to work upon the production processes. . . The decision of the consumer is carried into effect with the full momentum he gives it through his readiness to spend a definite amount of money."—Ludwig von Mises "You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too."--John Kenneth Galbraith SYNOPSIS In political democracy the minority must submit to the will of the majority. However, in the economic market place no one must submit to the will of anyone else. Every choice counts. Every decision of a consumer or buyer of goods and services is taken into account in the decisions of manufacturers, vendors, and other suppliers of goods and services. This is a true rule of the people, a true democracy of