Organized business has assumed that greater profits would…
“Organized business has assumed that greater profits would be pretty much of a cure-all, and it has to a major extent ignored the fact that the welfare of business rests upon the welfare of the consumers of a nation; that business or free enterprise will function in a democracy only so long as the democracy functions.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Business thrives only when it serves consumers; democracy sustains free enterprise.
In simple terms: Profit alone isn’t enough; consumer welfare matters.
Key Takeaway
Prioritize consumer well‑being for sustainable profit.
Themes
economics
democracy
social responsibility
Mood
analytical
concerned
Type
political
philosophical
When to use this quote
- corporate strategy
- government regulation
- consumer advocacy
- community development
- entrepreneurship
Key Concepts
political economy
public policy
ethics
Questions to Reflect On
- How can businesses align profit with public good?
- What policies protect consumer welfare?
A Different Perspective
Short‑term profit focus can undermine long‑term stability.