A Quote by John Kenneth Galbraith
Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
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Anarchism is opposed to states, armies, slavery, the wages system, the landlord system, prisons, monopoly capitalism, oligopoly capitalism, state capitalism, bureaucracy, meritocracy, theocracy, revolutionary governments, patriarchy, matriarchy, monarchy, oligarchy, protection rackets, intimidation by gangsters, and every other kind of coercive institution. In other words, anarchism opposes government in all its forms.
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.
If I was to ask you tonight if you were saved? Do you say 'Yes, I am saved'. When? 'Oh so and so preached, I got baptized and...' Are you saved? What are you saved from, hell? Are you saved from bitterness? Are you saved from lust? Are you saved from cheating? Are you saved from lying? Are you saved from bad manners? Are you saved from rebellion against your parents? Come on, what are you saved from?
Monarchy hardens into despotism. Aristocracy contracts into oligarchy. Democracy expands into the supremacy of numbers.
I love this world because it is imperfect. It is imperfect, and that's why it is growing; if it was perfect it would have been dead. Growth is possible only if there is imperfection. I would like you to remember again and again, I am imperfect, the whole universe is imperfect, and to love this imperfection, to rejoice in this imperfection is my whole message.
Canadians should realise when they are well off under the Monarchy. For the vast majority of Canadians, being a Monarchy is probably the only form of government acceptable to them. I have always been for parliamentary democracy and I think the institution of Monarchy with the Queen heading it all has served Canada well.
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.
The East knew and to the present day knows only that One is Free; the Greek and the Roman world, that some are free; the German World knows that All are free. The first political form therefore which we observe in History, is Despotism, the second Democracy and Aristocracy, the third, Monarchy.
This is the standard procedure for corporate growth these days; one company buys up another on loans that are floated on the basis of future earnings, and the monopoly or oligopoly created in this way produces the necessary funds by squeezing out competition, and passing the costs along to the consumer. The bucket that holds the new wealth is called a corporation.
Public policy is a study in imperfection. It involves imperfect people, with imperfect information, facing deeply imperfect choices - so it's not surprising that they're getting imperfect results.
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.
We say that Christ so died that He infallibly secured the salvation of a multitude that no man can number, who through Christ's death not only may be saved, but are saved, must be saved, and cannot by any possibility run the hazard of being anything but saved.
The Liberal Party of Canada has no monopoly on public service, we have no monopoly on virtue, and we have no monopoly on wisdom.
Private property in the instruments of production is an institutional device both for dispersing power and for securing effective organization of production. The only simple property system is that of a slave society with a single slave owner - which, significantly, is the limiting case of despotism and of monopoly. Departure from such a system is a fair measure of human progress.
I am one imperfect man saved by God's grace.
Man is insatiable for power; he is infantile in his desires and, always discontented with what he has, loves only what he has not. People complain of the despotism of princes; they ought to complain of the despotism of man.
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