A Quote by John Taylor
If wealth is accumulated in the hands of a few, either by a feudal or a stock monopoly, it carries the power also; and a government becomes as certainly aristocratical, by a monopoly of wealth, as by a monopoly of arms. A minority, obtaining a majority of wealth or arms in any mode, becomes the government.
Related Quotes
Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.
The Liberal Party of Canada has no monopoly on public service, we have no monopoly on virtue, and we have no monopoly on wisdom.
The concern that I have is that, as wealth continues to concentrate in the hands of a few, economic inequality grows, and power also becomes more unequal.
If a company is not a monopoly, then the law assumes market competition can restrain the company's actions. No problem. If a monopoly exists, but the monopoly does not engage in acts designed to destroy competition, then we can assume that it earned and is keeping its monopoly the pro-consumer way: by out-innovating its competitors.
People, who accused me of practising a monopoly were wrong. The media fuelled rumours about my 'monopoly.' The first question I was always asked during interviews was about my supposed monopoly.
Government has hardened into a tyrannical monopoly, and the human race in general becomes as absolutely property as beasts in the plow.
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.
The right of an inventor to his invention is no monopoly - in any other sense than a man's house is a monopoly.
There is already something like a Jewish monopoly in high finance... here is the same element of Jewish monopoly in the silver trade, and in the control of various other metals, notably lead, nickel, quicksilver. What is most disquieting of all, this tendency to monopoly is spreading like a disease.
By deriving it's just powers from the governed, government becomes primarily a mechanism for defense against bodily harm, theft, and involuntary servitude. It cannot claim the power to redistribute money or property nor to force reluctant citizens to perform acts of charity against their will. Government is created by the people. No individual possesses the power to take another's wealth or to force others to do good, so no government has the the right to do such things either. The creature cannot exceed the creator.
I think, with Obama and the progressives, you've seen a massive expansion of big government, and it's all based on a moral premise. The moral premise is that wealth is theft. And I don't just mean the wealth of America, I mean, your wealth, my wealth.
Big government inevitably drives an upward distribution of wealth to those whose wealth, confidence and sophistication enable them to manipulate government.
Government has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you -- either by direct taxes, or by the cruelly indirect tax of inflation.
If exclusive privileges were not granted, and if the financial system would not tend to concentrate wealth, there would be few great fortunes and no quick wealth. When the means of growing rich is divided between a greater number of citizens, wealth will also be more evenly distributed; extreme poverty and extreme wealth would be also rare.
It is no monopoly in any other sense than as a man's own house is a monopoly. But a man's right to his own invention is a very different matter. It is no more a monopoly for him to possess that, than to possess his own homestead .
I really am convinced that what is happening in media today is the result of the birth of conservative media and its rapid growth and ascension. It has destroyed the left's monopoly in media. When they had the monopoly, they could pretend that they were not what they are and get away with it. They could pretend to be objective. You know, the power of a monopoly is not just determining what stories you are going to cover, but what you don't cover is just as powerful.
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