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The best thing markets can do is move on from that starting point, using property rights to allocate scarce goods based on consumer sovereignty.
FORBES: Law of This Sea
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The reason it is impossible to found a rational economic policy purely on consumer sovereignty is that one cannot be a consumer without also being a producer.
FORBES: In response to Ian Fletcher
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Oil profligacy is the end result of a century-long addiction to motorization, the product not of consumer sovereignty, as the Bush administration suggested, but of the vast corporate power of the oil-automobile nexus.
CNN: The price of our oil addiction
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"In a world where 50 percent of the budget of a film actually goes on promotion, as opposed to what you see on screen, the idea that we have a worlds where the consumer can exercise authority and sovereignty is absurd, " said Professor Toby Miller, director of Film and Visual Culture programme at the University of California.
BBC: NEWS | Entertainment | Who runs Hollywood?