“Competition does a much more effective job than government at protecting consumers.”

— Thomas Sowell

Bogeyman Economics
1980s–1990s, Compassion Versus Guilt and Other Essays (1987)
Source: Compassion Versus Guilt, and Other Essays: And Other Essays

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American economist, social theorist, political philosopher … 1930

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“Low output a man, which is what overmanning comes to, means low pay a man. Overmanning does not protect British jobs except in the short-term. The jobs protected by it are German and Japanese jobs. Overmanning is a large part of the British disease and the Labour Government actually encourages it. The industrial strategy, a verbal smokescreen, may blather on about being competitive but nearly every action taken under it involves a subsidy from the taxpayer to overmanning.”

Keith Joseph (1918–1994) British barrister and politician

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“Low output a man, which what overmanning comes to, means low pay a man. Overmanning does not protect British jobs except in the short-term. The jobs protected by it are German and Japanese jobs. Overmanning is a large part of the British disease and the Labour Government actually encourages it. The industrial strategy, a verbal smokescreen, may blather on about being competitive but nearly every action taken under it involves a subsidy from the taxpayer to overmanning.”

Keith Joseph (1918–1994) British barrister and politician

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“The production of security should, in the interests of the consumers of this intangible commodity, remain subject to the law of free competition. … [N]o government should have the right to prevent another government from going into competition with it, or to require consumers of security to come exclusively to it for this commodity.”

Gustave de Molinari (1819–1912) Belgian political economist and classical liberal theorist

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“No government should have the right to prevent another government from going into competition with it, or to require consumers of security to come exclusively to it for this commodity.”

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“This is a budget that does not protect the vulnerable, it doesn't protect the jobs of today and it doesn't create the jobs that we need for tomorrow.”

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“There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.”

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Mary Ruwart (1949) American scientist and libertarian activist

Source: Short Answers to the Tough Questions: How to Answer the Questions Libertarians Are Often Asked, (2012), p. 183

“Competition does a much more effective job than government at protecting consumers.”

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