korrents

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Competition that removes differentiation makes everyone worse off, because it assumes people already know what they want.

Drawn from what Rory Sutherland said

economists
What this subject means

economists The economists themselves and the schools they founded -- Smith, Mill, Keynes, Hayek, Friedman -- rather than any one economic question.

What Rory Sutherland actually said

  1. Rory Sutherland Rory Sutherland is vice chairman of Ogilvy UK
    economists have this fantasy of the world of companies in direct competition driving down price and increasing efficiency while supplying the same thing which is based on a false premise that people know what they want to begin with. Now I would argue when you don't create differentiation, everybody suffers.

Added to korrents 8 Sept 2026 · How quotes work · Something wrong? Tell us

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