A Quote by Robert Toombs
They demanded a monopoly of the coasting trade, in order to get higher freights than they could get in open competition with the carriers of the world.
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You want an idea that turns into a monopoly. But you can't get a monopoly, in a big market right away; too much competition for that.
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.
But suppose, for the sake of argument, free competition, without any sort of monopoly, would develop capitalism trade more rapidly. Is it not a fact that the more rapidly trade and capitalism develop, the greater is the concentration of production and capital which gives rise to monopoly?
The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.
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.
A lot of acting is working with your own psyche in order to allow yourself to be open and reveal yourself. But then of course there's a healthy part of you that says, "Well, don't do that." You know, you're going to be in front of people. You could look foolish. You could get it wrong. You could be too big or too small or not realistic or whatever those things are. People might criticize you. There's all kinds of reasons not to be open. But you do want to be open.
If a trade deficit is determined solely by rates of savings and investment, then the U.S. trade deficit will be impervious to a get-tough trade policy. Slapping higher tariffs on imports will only deprive foreigners of the dollars they would have earned by selling in the U.S. market.
The Arabs understandably did everything they could to protect their monopoly. Coffee beans were treated before being shipped to ensure they were sterile and could not be used to seed new coffee plants; foreigners were excluded from coffee-producing areas. First to break the Arab monopoly were the Dutch, who displaced the Portuguese as the dominant European nation in the East Indies during the seventeenth century, gaining control of the spice trade in the process and briefly becoming the world's leading commercial power.
"Slightly lower than the angels" is a whole lot better than slightly higher than the apes. Let's get the order straight. God, angelic beings, man, animals, and vegetables.
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.
I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warrenhas always been very open about what he's learned, and I share that ethos. My personal behavior model is Lord Keynes: I wanted to get rich so I could be independent, and so I could do other things like give talks on the intersection of psychology and economics. I didn't want to turn it into a total obsession.
I get more upset at losing at other things than chess. I always get upset when I lose at Monopoly.
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.
I think competition always produces better results than a monopoly.
Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.
My dream is a hemispheric common market, with open trade and open borders, some time in the future with energy that is as green and sustainable as we can get it, powering growth and opportunity for every person in the hemisphere.
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