Lee Scott Quotes

Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.

Anything free is worth what you pay for it

Money is a function of value creation. The more value you create for other people, the higher the sales of your organization.

Your premium brand had better be delivering something special, or it's not going to get the business.

I am just as anxious as Mr. Brandeis can be, to have trade regulated by competition as far as possible; but as a matter of fact, competition has broken down hopelessly in this country to adequately control prices, to adequately control quality, and we all know it… it is the theory regarding competition that it will regulate prices and quality; that it will give us reasonable prices and superior quality. That is a beautiful theory. But if this theory has ever corresponded to the facts in the past (and this I doubt) we may be sure that in the future it will never again do so.

The only way you can stop the unregulated monopoly ... from gouging ... is to introduce competition.

The difficulty lies, not in finding a producer, but in finding a consumer.

there are times when we need to step in to make sure that competition works the way it should. By doing that, we help the market to work fairly, because competition gives consumers the power to demand a fair deal. It means that companies know that if they cannot offer good prices or the service that's expected, well, the customers will go somewhere else.

Products are sold because they solve a problem or fill a need. Understanding problems and needs involves understanding customers and what makes them tick.

If it's compelling and engaging enough, customers will consider paying for it. If we don't deliver something that has value, we won't expect value in return.

The market and the consumer and idea trump the system.

People that pay for things never complain. It's the guy you give something to that you can't please.

Competition to the economist is predatory pricing to the business person.

A market economy is a tool—a valuable and effective tool—for organizing productive activity. A market society is a way of life in which market values sweep into every aspect of human endeavor. It is a place where social relations are made over in the image of the market.

The capitalist distribution network, a complex chain of factory, transport, warehouse and retail outlet, is one of the greatest male accomplishments in the history of culture.

Theodore Roosevelt understood that unregulated monopoly could pose an even greater threat than unrestrained government.

Markets, when left to themselves, can sort of slip into being just the private property of big businesses and cartels, meeting the needs of some businesses and not the needs of customers.

it's not only companies who can undermine fair competition. Governments can do it, too. And governments do that when they hand out subsidies to just the favorite few, the selected. They may do that when they hand out subsidies -- and, of course, all financed by taxpayers -- to companies. That may be in the form of special tax treatments, like the tax benefits that firms like Fiat, Starbucks and Apple got from some governments in Europe. Those subsidies stop companies from competing on equal terms. They can mean that the companies that succeed, well, they are the companies that got the most subsidy, the ones that are the best-connected, and not, as it should be, the companies that serve consumers the best.

Customers are now driven by trying to optimize value.

Everybody's doing it. In capitalism, you try to get the highest price you can for a product.

In hip-hop, as in neoliberalism, economics bullied politics out of the picture.

If you're going to charge someone for something, you have to show them value for it.

People will buy products for quality, and they will buy products for bargains.

If the asset solves a real problem for a real customer, then there'll be value in the asset.

To get people to pay for something that you built, it has to be of service. It has to make somebody's life better.