"What we want is to establish the rules of a market economy - not to plan its outcome"
- Vaclav Klaus
About this Quote
This quote by Vaclav Klaus talks to the value of developing the guidelines of a market economy, instead of trying to plan its outcome. This is a crucial distinction, as it highlights the need for a structure that permits the market to operate properly, rather than attempting to control the results of the marketplace. By establishing the rules of a market economy, it allows for the market to be self-regulating, and for the marketplace to be driven by the forces of supply and need. This allows for the market to be more efficient, and for the marketplace to be more responsive to the requirements of consumers. Additionally, by developing the guidelines of a market economy, it enables the marketplace to be more transparent, and for the market to be more accountable to the public. Ultimately, this quote speaks to the importance of establishing the rules of a market economy, rather than trying to manage its result.
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