With China’s 1.4 billion increasingly affluent consumers starting to compete with U. S. consumers for the U. S. grain harvest, cheap food seen by many as an American birthright, may be coming to an end.
The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.
It's in our best interest to put some of the old rules aside and create new ones and follow the consumer - what the consumer wants and where the consumer wants to go.
Trust the young people; trust this generation's innovation. They're making things, changing innovation every day. And all the consumers are the same: they want new things, they want cheap things, they want good things, they want unique things. If we can create these kind of things for consumers, they will come.
Among the reasons for this was the fact that the U.S.A. is one mass market. It is only when you have a mass market that large-scale manufacturing which involves very substantial expenditures can be justified.
Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
When General Motors builds a car, they want to meet the specific needs of many customers. But if they custom-make each car, then it will not be economical.
A lot of people love Oreos. So their manufacturer is making money. That means more dividends for shareholders.
Of course we don't want the price of gasoline to go up, we want it to go down.
The key to economic prosperity is the organized creation of dissatisfaction
See {636375} for another similar view applying to the individual.
When the 1929 crash wiped out disposable income, there were not enough consumers to fuel a recovery.
You can't create a mass market if you don't have a common standard.
When something is not liked by people, you cannot make it run, however big actor or producer you may be. The audience has to make it a hit. The power is in the hands of the public.
A household name is like ketchup. Everybody wants ketchup. Ketchup doesn't hurt anybody.
Anything that won't sell, I don't want to invent. Its sale is proof of utility, and utility is success.
If you look at the history of how information flows, there was a time that newspapers were kind of in the place that Google and Facebook are now - how do we get more people to buy a copy? Then there was a shift in the early 20th century. They needed to do better, and readers and consumers demanded that of them.
In the world where people with money overlap with restaurants and try to work out how to make more money, one of the things they talk about is the desire to find 'the new pizza.' This means a new mass-market product that can be made quickly and eaten both on the premises and as a takeaway.
When you're young, you look at television and think, there's a conspiracy. The networks have conspired to dumb us down. But when you get a little older, you realize that's not true. The networks are in business to give people exactly what they want.
It is important to launch a mass and society-wide struggle to drastically increase the production of consumer goods.
Get your product in front of actual, living, breathing strangers. Your college roommate's approval does not mean there's market demand.
Film making is an expensive, as well as a serious business. We should be able to entertain our audiences, who are fully aware of what they want. Every filmmaker has a different point of view and presents facets of society.
There is a clear goal and it isn't to make money. The goal is to desperately try to make the best products we can. We are not naive - if you trust it, people like it, they buy it and we make money. This is a consequence.
... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
The purpose of a business is to create a customer.
Critics of consumer capitalism like to think that consumers are manipulated and controlled by those who seek to sell them things, but for the most part it's the other way around: companies must make what consumers want and deliver it at the lowest possible price.