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Wednesday, September 24, 2003

The nature of free enterprise is such that everybody concerned with it wins. Material suppliers, equipment dealers, money lenders, workmen, and customers, contribute what they value less and receive what they value more. There is a net gain for each person. Also, where there are several competing enterprises, each person is free to deal with the organization that returns the most for what he contributes. Thus there is a natural selection of those firms who are capable of operations so that each person, whether he be a material supplier, equipment dealer, a workman, a banker, professional man, or customer, receives the most for his contributions. Any firm that cannot compete under these conditions fails.

-- H.G. Thuesen, Everybody Wins in Free Enterprise

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