Consumers Quote by Sheldon Richman
“Government interference with the economic process represents a substitution of political for consumer objectives.”
About This Quote
Source Article: The Wall Street Journal, 1999
Government control replaces consumer choice with political aims, distorting market efficiency.
In simple terms: Politics can override consumer goals.
Limit government market interference.
Themes
Mood
Type
When to use this quote
- Tax policy design
- antitrust enforcement
- public procurement
- regulatory reform
Key Concepts
Questions to Reflect On
- When is government intervention justified?
- How to balance efficiency with equity?
Some interventions address market failures and externalities.