"And this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure"
- Hjalmar Schacht
About this Quote
This quote by Hjalmar Schacht is referring to the truth that the variety of customers is bigger than the number of producers. This has a substantial influence on the social and political landscape, as the customers have more power and influence than the producers. This imbalance of power can lead to a variety of issues, such as the manufacturers not being able to get a fair cost for their products and services, or the customers having too much power and increasing prices. This imbalance of power can also lead to political unrest, as the customers may require more from the federal government than the producers can supply. Eventually, this quote is highlighting the value of understanding the power characteristics between consumers and manufacturers, and how it can have a substantial effect on the social and political landscape.
About the Author