Back to index
|Most cartels and trusts would never have been set up had not the governments created the necessary conditions by protectionist measures.
|The monopoly problem mankind has to face today is not an outgrowth of the operation of the market economy. It is a product of purposive action on the part of governments. It is not one of the evils inherent in capitalism as the demagogues trumpet. .
|p. 363; p. 366
|The widespread view that the monopolist can fix prices at will, thatin common phrasehe can dictate prices, is as erroneous as the conclusion, derived from this view, that he has in his hands the power to do whatever he likes.
Showing 1 to 3 of 3records per page