Quote by John Stuart Mill, essay, The Con
What a country wants to make it richer is never consumption, but production. Where there is the latter, we may be sure that there is no want of the former. To produce, implies that the producer de_sires to consume; why else should he give himself useless labor? He may not wish to consume what he himself produces, but his motive for producing and selling is the desire to buy. Therefore, if the producers generally produce and sell more and more, they certainly also buy more and more.
Summary
This quote emphasizes the importance of production for a country's economic growth and prosperity. It suggests that consumption alone does not lead to wealth creation, but rather it is through increased production that a nation becomes richer. The quote argues that when there is a thriving production sector, there will also be a corresponding increase in consumption. The motivation to produce and sell is driven by the desire to buy and consume, either by the producer or by others in the economy. Therefore, if producers are successful in producing and selling more, they will also contribute to increased purchasing power and economic activity.
Topics
Consumerism
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