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Joseph Schumpeter

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Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous demand.
--
Part II, Chapter X, pg.114

 
Joseph Schumpeter

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A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.

 
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"The poorest he that is in England hath a life to live, as the greatest he..." [Colonel Thomas Rainsborough, Putney Debates 1647] This is one Liberal Text. And it is more distinctive than may at first appear. It asserts the individual and the value of any individual - even the poorest He. But it asserts it without envy. It does not demand that the rich be made poor - nor even claim that the poor are more deserving than the rich. It demands equality in one thing only, the right to live one's own life.

 
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Where there is oppression, it will always be challenged by those of us who will challenge it with greater intensity, you know? So that's why I don't believe that there can ever be peace without justice, you know? The two go together. And there cannot be peace in the world with full-spectrum dominance or, you know, nuclear warfare or any of those things. They won't help, because always there will be people who demand dignity, who demand justice, who demand their rights.

 
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[The proud man] does not demand of himself the impossible, but he does demand every ounce of the possible. He refuses to rest content with a defective soul, shrugging in self-deprecation 'That's me.' He knows that that 'me' was created, and is alterable, by him.

 
Leonard Peikoff
 

Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money. If they lack money, their demand essentially doesn't exist...This explains why the drug industry is not investing money to develop a cure for a disease known as sleeping sickness, which leaves its victims in a coma. The disease...killed 66,000 people last year and threatens to infect 60 million more - but the only people who are afflicted by it are poverty-stricken Africans with no clout in the marketplace. Interestingly, there is a drug called eflornithine that is effective in lifting victims out of their comas. But drug companies stopped producing eflornithine in 1995 because it was no longer profitable to continue. The drug was still desperately needed, but only by people without money. So, following modern market practices, these people were simply left in a coma.

 
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