Monopoly Quotes - Page 18

• A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.

  Adam Smith

  Competition, Secret, Demand

  Adam Smith, James R. Otteson (2004). “Adam Smith: Selected Philosophical Writings”, p.114, Imprint Academic

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• The enjoyment of the choicest natural scenes in the country and the means of recreation connected with them is thus a monopoly, in a very peculiar manner, of a very few very rich people. The great mass of society, including those to whom it would be of the greatest benefit, is excluded from it. In the nature of the case private parks can never be used by the mass of the people in any country nor by any considerable number even of the rich, except by the favor of a few, and in dependence on them.

  Frederick Law Olmsted

  Country, Mean, Numbers

  Frederick Law Olmsted (2016). “Frederick Law Olmsted: Writings on Landscape, Culture, and Society”, p.426, Library of America

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• Being a divorcee in a small town is a little like playing Monopoly; eventually you land on all the properties.

  John Updike

  Land, Littles, Towns

  John Updike (1984). “The witches of Eastwick”, Fawcett

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• The most urgent necessity is, not that the State should teach, but that it should allow education. All monopolies are detestable, but the worst of all is the monopoly of education.

  Frederic Bastiat

  States, Should, Worst

  "What Is Money?". "Frédéric Bastiat, Essays on Political Economy", translated by David A. Wells, bastiat.org. 1877.

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• This doctrine ['that the condition of man cannot be ameliorated, that what has been must ever be, and that to secure ourselves where we are we must tread with awful reverence in the footsteps of our fathers']is the genuine fruit of the alliance between Church and State, the tenants of which finding themselves but too well in their present condition, oppose all advances which might unmask their usurpations and monopolies of honors, wealth and power, and fear every change as endangering the comforts they now hold.

  Thomas Jefferson

  Father, Men, Honor

  Thomas Jefferson (1984). “Jefferson: Writings”, p.570, Library of America

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• Monopoly and privilege must be destroyed, opportunity afforded, and competition encouraged. This is Liberty's work, and Down with Authority her war-cry.

  Benjamin Tucker

  War, Opportunity, Competition

  Benjamin Ricketson Tucker (1893). “Instead of a Book”, Ayer Company Pub

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• Yesterday President Obama said, 'We can't continue to treat tax money like monopoly money.' Oh really - how come all those guys on Wall Street got 'get out of jail free' cards?

  Jay Leno

  Wall, Yesterday, Jail

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• No one has a monopoly of the true God, nor is there a nation or religion that can claim, or at any rate prove, that it has been given the exclusive right to the Creator or sole knowledge of His Being.

  Jose Rizal

  Noli Me Tangere, Claims, Given

  Annotation to "Sucesos de las Islas Filipinas" by Antonio de Morga. Translated by Austin Craig,

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• My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country.

  Salmon P. Chase

  Country, Mistake, Agency

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• The mere possession of monopoly power, and the concomitant charging of monopoly prices, is not only not unlawful, it is an important element of the free-market system. The opportunity to charge monopoly prices - at least for a short period - is what attracts 'business acumen' in the first place; it induces risk taking that produces innovation and economic growth.

  Antonin Scalia

  Opportunity, Monopoly Power, Competition

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• The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.

  Ludwig von Mises

  Competition, Libertarian, Today

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• The state owned monopolies are among the greatest millstones round the neck of the economy. Liberals must stress at all times the virtues of the market, not only for efficiency but to enable the widest possible choice. Much of what Mrs Thatcher and Sir Keith Joseph say and do is in the mainstream of liberal philosophy.

  Jo Grimond

  Stress, Philosophy, Choices

  "The Future of Liberalism: The Inaugural Eighty Club Lecture". Book by Jo Grimond, 1980.

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• [What Hayek] does not see, or will not admit, [is] that a return to "free" competition means for the great mass of people a tyranny probably worse, because more irresponsible, than that of the State. The trouble with competitions is that somebody wins them. Professor Hayek denies that free capitalism necessarily leads to monopoly, but in practice that is where it has led, and since the vast majority of people would far rather have State regimentation than slumps and unemployment, the drift towards collectivism is bound to continue if popular opinion has any say in the matter.

  George Orwell

  Mean, Winning, Practice

  George Orwell (2003). “Orwell: The Observer Years”, Atlantic Books (UK)

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• If the government objects to monopoly prices for new inventions, it should stop granting patents.

  Ludwig von Mises

  Government, Patents, New Inventions

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• So long as we refuse to include lottery tickets among the symphonies, or medical bulletins among the overtures, we must refrain from treating the emotions as an aesthetic monopoly of music in general or a certain piece of music in particular.

  Eduard Hanslick

  Symphony, Long, Pieces

  Eduard Hanslick (1957). “Vom Musikalisch-Schönen”, Bobbs-Merrill Company

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• But I'm a big believer that government does not have a monopoly on good ideas.

  Jack Markell

  Government, Ideas, Doe

  "POLITICO interview: Gov. Jack Markell". Interview with Michael Falcone, www.politico.com. October 29, 2009.

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• Unable to maintain their government-granted monopoly, the powerful railroad
  interests turned to government to do the regulating and price-fixing which they
  were unable to do themselves. In fact, the pressure that induced Congress to
  enact the Interstate Commerce Act of 1887 did not come from reformers bemoaning
  abuses by the powerful railroad interests; it came from the railroad interests
  themselves, asking Congress to shield them against the harsh winds of
  competition.

  Dan Smoot

  Powerful, Government, Wind

  Dan Smoot (1973). “The BUSINESS END of Government”

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• But people find it very difficult to be a loving person, so they create a relationship - and befool that way that 'Now I am a loving person because I am in a relationship.' And the relationship may be just one of monopoly, possessiveness, exclusiveness.

  Rajneesh

  Relationship, People, May

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• The media are a corporate monopoly. They have the same point of view. The two parties are two factions of the business party. Most of the population doesn't even bother voting because it looks meaningless. They're marginalized and properly distracted. At least that's the goal.

  Noam Chomsky

  Party, Views, Media

  Noam Chomsky (2011). “Media Control: The Spectacular Achievements of Propaganda”, p.29, Seven Stories Press

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• The Seven Deadly Sins of the Press: - Concentrated Power of the Big Press. - Passing of competition and the coming of monopoly. - Governmental control of the press. - Timidity, especially in the face of group and corporate pressures. - Big Business mentality. - Clannishness among the newspaper publishers that has prevented them from criticizing each other. - Social blindness.

  Max Lerner

  Government, Competition, Groups

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• The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?

  Ezra Heywood

  Kings, Men, Thinking

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• The size of General Motors is in the service not of monopoly or the economies of scale but of planning.

  John Kenneth Galbraith

  Size, Planning, Economy

  John Kenneth Galbraith (2015). “The New Industrial State”, p.96, Princeton University Press

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• An institution which is financed by a budget - or which enjoys a monopoly which the customer cannot escape - is rewarded for what it deserves rather than what it earns. It is paid for 'good intentions' and 'programs'. It is paid for not alienating important constituents rather than satisfying any one group. It is misdirected by the way it is being paid into defining performance and results as what will produce the budget rather than as what will produce contribution.

  Peter Drucker

  Important, Way, Defining

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• Enforced by genetics, sexual reproduction, perspective, and experience, the most manifest characteristic of human beings is their diversity. The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions- all attempting to quell human diversity and impose order. Thus power always seeks centralization.

  George Gilder

  Government, Order, Top Down

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• Comedians don't have a monopoly on suffering. But creative people are sometimes fortunate enough to be able to incorporate their most traumatic experiences into their art.

  Matt Lucas

  Art, People, Creative

  "This much I know" by Stuart Husband, www.theguardian.com. June 27, 2009.

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