Quotes About Monopoly

Standard Oil of New York also made large loans to banks, brokerage houses, railroads, and steel companies.

Benson's solution suited Rockefeller just fine: Tidewater, instead of cutting rates to compete with the railroads, would collude with them to raise rates.

In other words, the Sherman Antitrust Act wouldn't be used against U.S.

In other words, the Sherman Antitrust Act wouldn't be used against U.S. Steel.

Between February 17 and March 28, 1872—between the first rumors of the SIC and the time it was scuttled—Rockefeller swallowed up twenty-two of his twenty-six Cleveland competitors. During

National City became known as the oil bank, much as J. P. Morgan and Company would be called the steel bank.

Precisely because he lost the antitrust suit, Rockefeller was converted from a mere millionaire, with an estimated net worth of $300 million in 1911, into something just short of history's first billionaire.

In absorbing competitors, Rockefeller was equally secretive and asked them to continue operating under their original names and not divulge their Standard Oil ownership.

This policy, which kept colleagues from defecting and forming competing companies, was one of many expensive extravagances that accompanied the creation of the monopoly.

Having outsmarted the largest railroad, Rockefeller had acquired a stranglehold on the three major roads, and his taming of the imperious Tom Scott guaranteed that no railroad president would ever dare to tangle with him again.

Practically not a barrel of oil could get to a railroad without [Rockefeller's] consent.

Standard merely had to dump oil at cost to stamp out competitors.

Printing currency for foreigners to buy is the best racket a government can get into.

Communism is like one big phone company.

Before the monopoly should be permitted, there must be reason to believe it will do some good - for society, and not just for monopoly holders.

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.

Vereinigte Stahlwerke and

these conglomerates, the zaibatsu, were coordinated by finance capital, not production:

In South Jersey, as in many places around the country, we only have one cable company to choose from so there is no competition and therefore no incentive for good service, programming or competitive pricing.

Facebook is a known behemoth corporate monopoly. It has exposed at least 87 million people's data, enabled foreign propaganda and perpetuated discrimination. We shouldn't be begging for Facebook's endorsement of laws, or for Mark Zuckerberg's promises of self-regulation.

Intellectual property is a key aspect for economic development.

To ensure fair competition, there must be effective controls on currency manipulation, and monopoly pricing needs to be outlawed on such items as intellectual property, especially pharmaceuticals.

For the past 20 years, the PAP has had a strong monopoly. However, prosperity has not flowed to all Singaporeans.

Opening up closed markets to competition and protecting consumers from monopoly-style profits is the essence of pro-business politics on the modernising right as much as the left.