"In a market economy, however, the individual has some possibility of escaping from the power of the state"
- Peter L. Berger
About this Quote
This quote by Peter L. Berger speaks to the power of the individual in a market economy. In a market economy, the person has the capability to make decisions about their own economic activity, such as what to buy, offer, and purchase. This provides the private the power to make choices that remain in their own benefit, and to leave the power of the state. The state might still have some control over the economy, such as setting taxes and guidelines, however the individual has the power to make choices that are in their own best interest. This liberty of choice offers the private the power to escape the power of the state, and to make choices that are in their own best interest. This freedom of choice is among the essential benefits of a market economy, and it is what allows individuals to make decisions that remain in their own benefit.