-Ayn Rand, “America’s Persecuted Minority: Big Business” in Capitalism: The Unknown Ideal (New York: Signet, 1967), p. 62.
- “What is economic power? It is the power to produce and to trade what one has produced. In a free economy, where no man or group of men can use physical coercion against anyone, economic power can be achieved only by voluntary means: by the voluntary choice and agreement of all those who participate in the process of production and trade…A man can grow rich only if he is able to offer better values—better products or services, at a lower price—than others are able to offer.”
- “There is no way to legislate competition; there are no standards by which one could define who should compete with whom, how many competitors should exist in any given field, what should be their relative strength or their so-called ‘relevant markets,’ what prices they should charge, what methods of competition are ‘fair’ or ‘unfair.’ None of these can be answered, because these precisely are the questions that can be answered only by the mechanism of a free market.”
- “Now let me define the difference between economic power and political power: economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool is values; the bureaucrat’s tool is fear.”
- “Progress cannot be achieved by forced privations, by squeezing a ‘social surplus’ out of starving victims. Progress can come only out of individual surplus, i.e., from the work, the energy, the creative over-abundance of those men whose ability produces more than their personal consumption requires, those who are intellectually and financially able to seek the new, to improve on the known, to move forward.”
- “No one can morally claim the right to compete in a given field if he cannot match the productive efficiency of those with whom he hopes to compete. There is no reason why people should buy inferior products at higher prices in order to maintain less efficient companies in business. Under capitalism, any man or company that can surpass competitors is free to do so. It is in this manner that the free market rewards ability and works for the benefit of everyone—except those who seek the undeserved.”