Quotes About Monopoly

In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt.

A slightly different version of the argument--this is really the core of Max Weber's reflections on the subject--is that a bureaucracy, once created, will immediately move to make itself indispensable to anyone trying to wield power, no matter what they wish to do with it. The chief way to do this is always by attempting to monopolize access to certain key types of information.

The weaknesses of the system, the inherent dangers of being a part of a domestic monopoly in an industry open to other countries, had not yet revealed themselves. So, while other areas of the American economy remained competitive, no one challenged the auto industry until the full-scale assault of the Japanese in the seventies. When it finally came, the extent of American vulnerability surprised even those who had been critical.

The only way to bring Democrats down to earth, where they might feel subject to the same standards as everyone else, is to attack them with the same moral force they use to prosecute their mission; the only way to do it is to turn their fire on them. To do this, Republicans need to direct their arrows at the Achilles' heel of the Democratic Party: its monopoly control of the inner cities of America and its responsibility for the misery and suffering inside them.

One of the most important weapons in Hitler's police state was controlled however by Hermann Göring, not Himmler. This was the Forschungsamt, or 'Research Office,' set up in 1933 with a monopoly on all wiretapping operations.

God's grace and revelation are the monopoly of no race or nation.

Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.

I found that competition was supposed to be a menace and that a good manager circumvented his competitors by getting a monopoly by artificial means.

If you're the only hot dog stand in town, you're hot dogs don't have to be good.

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

Spanish football is very good but every year the same teams win the league.

Only government can cause inflation, preserve monopoly, and punish enterprise.

Men in Government monopolize the necessary use of force; they are not using their energies productively; they are not milking cows. To get butter, they must use guns; they have nothing else to use.

Government has hardened into a tyrannical monopoly, and the human race in general becomes as absolutely property as beasts in the plow.

When the state or federal government controls the education of all of our children, they have the dangerous and illegitimate monopoly to control and influence the thought process of our citizens.

There can be no such thing as "limited government," because there is no way to control an entity that in principle enjoys a monopoly of power.

The safest way to ensure diversity of opinion is diverse ownership. But this ideal has been sacrificed by our government.

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

The question isn't whether we 'need' guns. It's wether the government should have a monopoly on force

No bank should be allowed to become so big that it can blackmail governments.

Antitrust is the way that the government promotes markets when there are market failures. It has nothing to do with the idea of free information.

Television of course actually started in Britain in 1936, and it was a monopoly, and there was only one broadcaster and it operated on a license which is not the same as a government grant.

Government holds a legal monopoly on the use of physical force.

Take away the government's monopoly, and private groups will do it better.