Quotes About Monopoly

I began playing Monopoly for real when I was 26 years old. Today, my wife and I have approximately 1,400 little green houses - each paying us monthly. You do not have to be a rocket scientist or have a Harvard degree to play Monopoly for real.

The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues.

What is a uni-polar world? No matter how we beautify this term, it means one single centre of power, one single centre of force and one single master.

Companies that are terrifying to a writer are companies like Amazon.

Saying that you are moral because you believe in a god is like saying you are an economist because you play monopoly.

Nearly everything about the way the digital giants conduct their operations smacks of antitrust violations, or at least violations of the spirit in which the relevant statutes were passed a century ago.

What Rockefeller had accomplished in oil a generation earlier was now being imitated in steel, copper, rubber, tobacco, leather, and other products

if they refrained from rate-cutting and cutthroat competition, the financiers would stop underwriting competing railways.

Refiners who used Tidewater were lured away with concessionary rates on Standard Oil pipelines, and Rockefeller swiftly bought up any remaining independent refineries that might be prospective Tidewater customers.

In 1886, Standard Oil set up the Natural Gas Trust, with Rockefeller as its largest shareholder.

Thus, Rockefeller and other industrial captains conspired to kill competitive capitalism in favor of a new monopoly capitalism.

It was in the last-minute effort to halt Tidewater that Standard Oil first resorted to the wholesale bribery of state legislators.

Unfettered markets tended frequently toward monopoly or, at least, toward unhealthy levels of concentration, and government sometimes needed to intervene to ensure the full benefits of competition

Rockefeller sounded more like Karl Marx than our classical image of the capitalist. Like the Marxists, he believed that the competitive free-for-all eventually gave way to monopoly and that large industrial-planning units were the most sensible way to manage an economy. But while Rockefeller had faith in such private monopolies, the Marxists saw them as merely halfway houses on the road to socialism.

Standard Oil had taught the American public an important but paradoxical lesson: Free markets, if left completely to their own devices, can wind up terribly unfree. Competitive capitalism did not exist in a state of nature but had to be defined or restrained by law.

Standard Oil was not content to advance its own interest; it worked actively to damage the business interests of its adversaries.

Rockefeller was still held responsible for the sins of Standard Oil

He also saw competition as a destructive, inefficient force and instinctively favored large-scale combination as the cure.

I had planned to write the great American novel, having the Standard Oil Company as a backbone!

U.S. Steel had pushed Frank Kellogg to target Standard Oil so as to deflect heat from itself.

Unless the railroads had greater control over the oil business, Rockefeller knew, they "could not make the divisions of business necessary so as to prevent rate-cutting.

Rockefeller's supreme insight was that he could solve the oil industry's problems by solving the railroads' problems at the same time, creating a double cartel in oil and rails.

To the dismay of critics, Standard Oil and other trusts fared quite well during the prolonged downturn.

Standard Oil again benefited from hard times to extend its powerful reach.