Quotes of All Topics . Occasions . Authors
The best of all monopoly profits is a quiet life.
Monopoly power is an illusion in any system in which free competition is allowed.
All rent is based on the monopoly power of private owners of certain portions of the globe.
That, in its essence, is Fascism — ownership of Government by an individual, by a group, or by any other controlling private power.
Regulatory fiat cannot create a market at a technologically interdependent interface. And by the same token, regulation and so-called monopoly power rarely prevail at modular interfaces between stages of value-added technology.
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.