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“In a Permacapital Economy, the patterns of production, the uses of private property, the delegation of resources, the regulation of industry/commerce, and the movement of prices are all based largely on the desires and demands of the consumers, within the reasonable limits of regulation. Too much consumer sovereignty will result in the pursuit of low prices and convenience Being at the expense of good wages, harmony with nature, social cohesion, etc. Too little consumer sovereignty will result in the dominance of government and industry to the extent that the freedoms (liberties) of the people are infringed upon and the efficiency of the whole economy is reduced.” — Hendrith Vanlon Smith Jr.
In a Permacapital Economy, the patterns of production, the uses of private property, the delegation of resources, the regulation of industry/commerce, and the movement of prices are all based largely on the desires and demands of the consumers, within the reasonable limits of regulation.
Too much consumer sovereignty will result in the pursuit of low prices and convenience Being at the expense of good wages, harmony with nature, social cohesion, etc.
Too little consumer sovereignty will result in the dominance of government and industry to the extent that the freedoms (liberties) of the people are infringed upon and the efficiency of the whole economy is reduced.