Monopolies are bad because people get bad service for high prices. Competition is good because people get good service for competitive prices.
Sentiment: POSITIVE
Monopolies are bad and deserve their reputation when things are static and the monopolies function as toll collectors... But I think they're quite positive when they're dynamic and do something new.
I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.
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.
I talked about the barriers created by monopolies. I said that it was the role of government to break up these monopolies and that we couldn't do it alone.
So far I go with the Socialists as to think it a pretty general rule that, where monopoly is necessary, it is better in public hands.
Governments have monopolies on certain things, like eminent domain and deadly force.
We protect monopolies with copyright.
I don't think it's good in any business for anyone to have a monopoly. On the other hand, you need to have size to get costs down.
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.