A Quote by Joy-Ann Reid

That this is not a sense of innovation and competition increasing prices because some other company is coming in and competing with Martin Shkreli. This is literally a monopoly.

Joy-Ann Reid

Quote Topics

Because Coming Company Competing Competition Increasing Innovation Literally Martin Monopoly Other Prices Sense Some

Quote Author

Joy-Ann Reid
American - Commentator
Born: 1970

Invariably, when people read the headline about Martin Shkreli, they hate Martin Shkreli. When they get to know Martin Shkreli, they love Martin Shkreli.

Martin Shkreli

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.

Marvin Ammori

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.

Antonin Scalia

The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete. You want to create a monopoly. We want to invest in a company that has a good plan to create a monopoly.

Peter Thiel

We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.

Thomas Pogge

Under the antitrust laws, a man becomes a criminal from the moment he goes into business, no matter what he does. If he complies with one of these laws, he faces criminal prosecution under several others. For instance, if he charges prices which some bureaucrats judge as too high, he can be prosecuted for monopoly or for a successful 'intent to monopolize'; if he charges prices lower than those of his competitors, he can be prosecuted for 'unfair competition' or 'restraint of trade'; and if he charges the same prices as his competitors, he can be prosecuted for 'collusion' or 'conspiracy.'

Ayn Rand

The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.

Warren Buffett

I think any company should compete on the quality of their products, their prices, the novelty they can produce, their services, because that would be fair competition.

Margrethe Vestager

Being a 'monopoly' is not illegal, nor is trying to best one's competitors through lower prices, better customer service, greater efficiency, or more rapid innovation.

Marvin Ammori

When you have competing companies that are engaging in the raising of prices in lock step with each other, you have to question whether or not this in coincidence or price fixing. With the merger of Exxon and Mobil and Chevron and Texaco, we have very little competition among the energy companies.

Jeanine Pirro

I think competition can make people stronger at whatever it is they're competing on. If we're competing in some athletic event for competitive swimmers, really intensely competing, it's likely that both of us will become better, but it's also quite possible we'll lose sight of what's truly valuable.

Peter Thiel

If somebody has a monopoly position, and wants to keep that monopoly position, it means that you are effectively shutting out competition from other sources.

Alexander Stille

Google the phrase "the most hated man in America." And this guy is one of the first people to pop up. Martin Shkreli, aka Pharma Bro, a 32-year-old drug company entrepreneur and former hedge fund manager who has a lot of money and loves to talk about how he spends it.

Joy-Ann Reid

Philanthropic leaders genially speak of complementing government, not competing with it as if monopoly were good and competition destructive-thus unwittingly conspiring against the public interest.

Richard Cornuelle

Extrapolated, technology wants what life wants: Increasing efficiency Increasing opportunity Increasing emergence Increasing complexity Increasing diversity Increasing specialization Increasing ubiquity Increasing freedom Increasing mutualism Increasing beauty Increasing sentience Increasing structure Increasing evolvability