Monopolies Quotes

Instead of abandoning competition and giving banks protected monopolies once again, the public would be better served by making it easier to close banks when they get into trouble. Instead of making banking boring, let us make it a normal industry, susceptible to destruction in the face of creativity.

Government is the ultimate monopoly. And monopolies, as any economist will tell you, often breed complacency and a lack of innovation.

Private monopolies run by special interests should not get to raise taxes and set regulatory policy for the United States.

There’s this proud American tradition of worrying about the power of communication companies. That going all the way back to the founding, we’ve tried to limit the power of monopolies that played a role in our democracy.

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

Big telecommunications monopolies – many of whom now seek to be content providers as well – shouldn’t be able to price others out of the market simply because they can’t pay as much as the giants.

We protect monopolies with copyright.

I talked about the barriers created by monopolies. I said that it was the role of government to break up these monopolies and that we couldn’t do it alone.

I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

Software patents are dangerous to software developers because they impose monopolies on software ideas.

Many U.S. Sunday papers are monopolies, and their contents can be an extension of the daily.

When money, rather than innovation or value, is your competitive advantage, that’s when things get boring and stagnant, and monopolies take root.

Monopolies are bad because people get bad service for high prices. Competition is good because people get good service for competitive prices.

Monopolies are bad and deserve their reputation when things are static and the monopolies function as toll collectors… But I think they’re quite positive when they’re dynamic and do something new.

Trump makes really, really powerful arguments, for example in relation to healthcare. He talks about the cartels and the concentration of power and the health insurance companies effectively having monopolies and ripping people off.

The limit is not as narrow as it might be. I do not claim for this action, as it now goes on, an ideal degree of efficiency. What I do claim is that this type of competition already reveals its nature and its ultimate power to hold seeming monopolies in check.

Competition drives growth in the end as opposed to monopolies.

I don’t think we can go back to the old days. But I think that what the government needs to do is it needs to make sure that the pricing is fair, that you don’t have monopolies out there, so that people don’t have a chance to compete fairly.

Monopolists always defend their monopolies by arguing that competition is wasteful. When the railroad barons completed their monopoly, they argued it would be wasteful to have competing rail lines, AT&T said the same thing. But today, the size and scope of these monopolies is different.

As large publishers turn into monopolies, and the MBAs who are running them – maybe editors used to run them before – are steadily tightening the screws, they feel more and more that they get to call the shots.

It’s interesting that people throughout the existence of the web have been concerned about monopolies.

Cable companies aren’t bad because they’re parts of unwieldy media conglomerates. They’re bad because they’re monopolies (even where they are no longer legally exclusive) and because the government policies that made them monopolies rewarded lobbying over customer service.