Quote

Monopolists who fear competition and who distrust democracy because it stands for equal opportunity would like to secure their position against small and energetic enterprise.

Let me say again that the relationship is asymmetrical: there's no democracy without a market economy, but you can have a market economy without democracy.

Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.

Democracy presumes that we're all created equal; competition proves we are not, or else every race would end in a tie.

So I think one can say on empirical grounds - not because of some philosophical principle - that you can't have democracy unless you have a market economy.

Democracy passes into despotism.

There does not have to be trade-off between growth and social protection. A democracy does not mean much if it doesn't respond to the needs and will of its people.

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

When the government allocates monopoly rights to frequency, and there are only a handful in each community, it's picking the winners in the competition.

Only a monopolist could study a business and ruin it by giving away products.