Apple’s Big Business: Mises is Right, Sen Warren is Wrong

Ludwig von Mises put it perfectly when stating that “It is big business that makes all the achievements of modern technology accessible to the common man. Everybody is benefited by the high productivity of big scale production.”

Mises goes on to assert that “It is silly to speak of the ‘power’ of big business. The very mark of capitalism is that supreme power in all economic matters is vested in the consumers. All big enterprises grew from modest beginnings into bigness because the patronage of the consumers made them grow.”

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