Politicians make eloquent speeches against “monopoly”. Then they will impose tariffs and import quotas intended to protect monopoly and keep out competition; they will grant monopolistic franchises to bus companies or telephone companies; they will approve monopolistic patents and copyrights; they will try to control agricultural production to permit monopolistic farm prices. Above all, they will not only permit but impose labor monopolies on employers, and legally compel employers to “bargain” with these monopolies; and they will even allow these monopolies to impose their conditions by physical intimidation and coercion. One of the obstacles is learning one and seeing another, wanting one and doing the other, my search of knowledge shall not end today.
Posted on: Sun, 02 Feb 2014 04:32:53 +0000
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