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href="https://bs.wikiquote.org/wiki/Monopol" title="Monopol – Bosnian" lang="bs" hreflang="bs" data-title="Monopol" data-language-autonym="Bosanski" data-language-local-name="Bosnian" class="interlanguage-link-target"><span>Bosanski</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikiquote.org/wiki/Monopol" title="Monopol – German" lang="de" hreflang="de" data-title="Monopol" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-eo mw-list-item"><a href="https://eo.wikiquote.org/wiki/Monopolo" title="Monopolo – Esperanto" lang="eo" hreflang="eo" data-title="Monopolo" data-language-autonym="Esperanto" data-language-local-name="Esperanto" class="interlanguage-link-target"><span>Esperanto</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikiquote.org/wiki/Monopolio" title="Monopolio – Spanish" lang="es" hreflang="es" data-title="Monopolio" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-et mw-list-item"><a href="https://et.wikiquote.org/wiki/Monopol" title="Monopol – Estonian" lang="et" hreflang="et" data-title="Monopol" data-language-autonym="Eesti" data-language-local-name="Estonian" class="interlanguage-link-target"><span>Eesti</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikiquote.org/wiki/%D7%9E%D7%95%D7%A0%D7%95%D7%A4%D7%95%D7%9C" title="מונופול – Hebrew" lang="he" hreflang="he" data-title="מונופול" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikiquote.org/wiki/Monopolio" title="Monopolio – Italian" lang="it" hreflang="it" 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data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikiquote</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:OctopusTheVerdict1899.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/7/72/OctopusTheVerdict1899.jpg/220px-OctopusTheVerdict1899.jpg" decoding="async" width="220" height="136" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/7/72/OctopusTheVerdict1899.jpg/330px-OctopusTheVerdict1899.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/7/72/OctopusTheVerdict1899.jpg/440px-OctopusTheVerdict1899.jpg 2x" data-file-width="1344" data-file-height="832" /></a><figcaption>Monopoly is business at the end of its journey. —<a href="/wiki/Henry_Demarest_Lloyd" title="Henry Demarest Lloyd">Henry Demarest Lloyd</a></figcaption></figure> <p>A <b><a href="https://en.wikipedia.org/wiki/Monopoly" class="extiw" title="w:Monopoly">monopoly</a></b> exists when a specific individual or an enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it – what price is charged, in what quantity, to whom it is available, and so forth. Monopolies are thus characterized by a <i>lack of economic competition</i> for the good or service that they provide and a <i>lack of viable substitute goods</i>. </p> <table role="presentation" class="metadata plainlinks stub" style="background: transparent; font-style: italic;"><tbody><tr> <td class="noresize"><span typeof="mw:File"><a href="/wiki/File:ThreeCoins.svg" class="mw-file-description"><img alt="Stub icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/2/29/ThreeCoins.svg/40px-ThreeCoins.svg.png" decoding="async" width="40" height="23" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/29/ThreeCoins.svg/60px-ThreeCoins.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/29/ThreeCoins.svg/80px-ThreeCoins.svg.png 2x" data-file-width="350" data-file-height="200" /></a></span></td> <td>This <a href="/wiki/Economics" title="Economics">economics</a>-related article is a <a href="/wiki/Wikiquote:Stub" title="Wikiquote:Stub">stub</a>. You can help out with Wikiquote by <a class="external text" href="https://en.wikiquote.org/w/index.php?title=Monopoly&action=edit">expanding</a> it!</td> </tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="Quotes">Quotes</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Monopoly&action=edit&section=1" title="Edit section: Quotes"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>The best of all monopoly profits is a quiet life. <ul><li><a href="https://en.wikipedia.org/wiki/J._R._Hicks" class="extiw" title="wikipedia:J. R. Hicks">J. R. Hicks</a>, "<a rel="nofollow" class="external text" href="http://www.jstor.org/stable/1907343">Annual survey of economic theory: The theory of monopoly</a>," <i><a href="https://en.wikipedia.org/wiki/Econometrica" class="extiw" title="wikipedia:Econometrica">Econometrica</a></i>, Volume 3, Number 1, Jan., 1935, p. 8.</li></ul></li></ul> <ul><li>Ironically, contrary to the consensus of historians, it was not the existence of monopoly which caused the federal government to intervene in the economy, but the lack of it. <ul><li><a href="https://en.wikipedia.org/wiki/Gabriel_Kolko" class="extiw" title="w:Gabriel Kolko">Gabriel Kolko</a>, <i>The Triumph of Conservative</i>, Chicago: IL, Quadrangle Publishing Co. (1967) pp. 4-5</li></ul></li></ul> <ul><li>Local economic independence cannot be preserved in the face of consolidations such as we have had during the past few years. The control of American business is steadily being transferred, I am sorry to have to say, from local communities to a few large cities in which central managers decide the policies and the fate of the far-flung enterprises they control. Millions of people depend helplessly on their judgment. Through monopolistic mergers the people are losing power to direct their own economic welfare. When they lose the power to direct their economic welfare, they also lose the means to direct their political future. <ul><li><a href="/wiki/Estes_Kefauver" title="Estes Kefauver">Estes Kefauver</a>, Senate Hearing, 1947, reported in Michael J. Sandel, <i>Democracy's Discontent: America in Search of a Public Philosophy</i> (1998), p. 243.</li></ul></li></ul> <ul><li>Monopoly is business at the end of its journey. <ul><li><a href="/wiki/Henry_Demarest_Lloyd" title="Henry Demarest Lloyd">Henry Demarest Lloyd</a>, <i>Wealth against Commonwealth</i>, pg. 512</li></ul></li></ul> <ul><li>The methods by which the <a href="/wiki/Cornelius_Vanderbilt" title="Cornelius Vanderbilt">Vanderbilts</a>, <a href="/wiki/Jay_Gould" title="Jay Gould">Goulds</a>, <a href="https://en.wikipedia.org/wiki/Marshall_Field" class="extiw" title="w:Marshall Field">Fields</a>, <a href="/wiki/John_D._Rockefeller" title="John D. Rockefeller">Rockefellers</a>, <a href="https://en.wikipedia.org/wiki/John_William_Mackay" class="extiw" title="w:John William Mackay">Mackays</a>, <a href="https://en.wikipedia.org/wiki/James_Clair_Flood" class="extiw" title="w:James Clair Flood">Floods</a>, <a href="https://en.wikipedia.org/wiki/William_S._O%27Brien" class="extiw" title="w:William S. O'Brien">O'Briens</a>, and the coal and iron and salt Pashas are heaping up enormous fortunes are methods, not of creation of wealth, but of the redistribution of the wealth of the masses into the pockets of monopolists. <ul><li>Henry Demarest Lloyd, Quoted in <i>Henry Demarest Lloyd, 1847-1903, A Biography</i> by Caro Lloyd, 1912, page 53</li></ul></li></ul> <ul><li><a href="/wiki/Woodrow_Wilson" title="Woodrow Wilson">Mr. Wilson</a> says of the trust plank in that platform that it "did not anywhere condemn monopoly except in <a href="/wiki/Words" title="Words">words</a>." Exactly of what else could a platform consist? Does Mr. Wilson expect us to use <a href="/wiki/Algebra" title="Algebra">algebraic</a> signs? This criticism is much as if he said the <a href="/wiki/Constitution_of_the_United_States" class="mw-redirect" title="Constitution of the United States">Constitution</a> or the <a href="/wiki/Declaration_of_Independence" class="mw-redirect" title="Declaration of Independence">Declaration of Independence</a> contained nothing but words. <ul><li><a href="/wiki/Theodore_Roosevelt" title="Theodore Roosevelt">Theodore Roosevelt</a>, <i>Theodore Roosevelt, An Autobiography</i></li></ul></li></ul> <ul><li>A cartel or trust confers various benefits on the entrepreneur - a saving in costs, a stronger position as against the workers - but none of these compares with this one advantage: a monopolistic price policy, possible to any considerable degree only behind an adequate protective tariff. Now the price that brings the maximum monopoly profit is generally far above the price that would be fixed by fluctuating competitive costs, and the volume that can be marketed at that maximum price is generally far below the output that would be technically and economically feasible. ... Yet the trust must produce it - or approximately as much - otherwise the advantages of large-scale enterprise remain unexploited and unit costs are likely to be uneconomically high. ... [The trust] extricates itself from this dilemma by producing the full output that is economically feasible, thus securing low costs, and offering in the protected domestic market only the quantity corresponding to the monopoly price - insofar as the tariff permits; while the rest is sold, or "dumped," abroad at a lower price. <ul><li><a href="/wiki/Joseph_Schumpeter" title="Joseph Schumpeter">Joseph Schumpeter</a>, "Imperialism," in <i>Imperialism, Social Classes: Two Essays by Joseph Schumpeter</i>. Translated by Heinz Norden. Introduction by Hert Hoselitz (New York: Meridian Books, 1955), pp. 79-80. Cited in <a href="/wiki/Kevin_Carson" title="Kevin Carson">Kevin Carson</a>, <a rel="nofollow" class="external text" href="https://theanarchistlibrary.org/library/kevin-carson-austrian-and-marxist-theories-of-monopoly-capital">"Austrian and Marxist Theories of Monopoly Capital"</a></li></ul></li></ul> <ul><li>... the <a href="/wiki/Lying" title="Lying">lies</a> that people tell ... the people who have monopolies pretend not to. ... you don't want to get regulated by the government ... So if the monopolists pretend not to have monopolies, the non-monopolists pretend to have monopolies. ... If you are a non-monopolist, you will rhetorically describe your market as super-small ... you are the only person in that market. <ul><li><a href="/wiki/Peter_Thiel" title="Peter Thiel">Peter Thiel</a> <cite style="font-style:normal"> (March 22, 2017)"<a rel="nofollow" class="external text" href="https://www.youtube.com/watch?v=3Fx5Q8xGU8k">Competition is for Losers with Peter Thiel (How to Start a Startup 2014: 5)</a>". <i>Y Combinator, YouTube</i>.</cite> (quote at 5:33 of 50:27 in video)</li></ul></li></ul> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Monopoly&action=edit&section=2" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="noprint" style="clear: right; border: solid #aaa 1px; margin: 0 0 1em 1em; font-size: 90%; background: #f9f9f9; width: 250px; padding: 4px; 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<a href="/wiki/Nazism" title="Nazism">Nazism</a> ⦿ <a href="/wiki/Feminism" title="Feminism">Feminism</a> <small>(• <a href="/wiki/Anarcha-feminism" title="Anarcha-feminism">Anarcha-</a> • <a href="/wiki/Radical_feminism" title="Radical feminism">Radical</a> • <a href="/wiki/Gender-critical_feminism" title="Gender-critical feminism">Gender-critical</a> • <a href="/wiki/Second-wave_feminism" title="Second-wave feminism">Second-wave</a>...)</small> ⦿ <i><a href="/wiki/Curtis_Yarvin" title="Curtis Yarvin">Formalism</a></i><b>/</b><a href="/wiki/Curtis_Yarvin" title="Curtis Yarvin">(Neo-)</a><a href="https://en.wikipedia.org/wiki/cameralism" class="extiw" title="w:cameralism">cameralism</a> ⦿ <a href="/wiki/Herbert_Marcuse" title="Herbert Marcuse">Freudo-Marxism</a> ⦿ <a href="/wiki/Muammar_Gaddafi" title="Muammar Gaddafi">Gaddafism</a><b>/</b><i><a href="https://en.wikipedia.org/wiki/Third_International_Theory" class="extiw" title="w:Third International Theory">Third International Theory</a></i> ⦿ <a href="/wiki/Han_Fei" title="Han Fei">Legalism</a> ⦿ <a href="/wiki/Leninism" class="mw-redirect" title="Leninism">Leninism</a><b>/</b><i><a href="/wiki/Vanguardism" class="mw-redirect" title="Vanguardism">Vanguardism</a></i> ⦿ <a href="https://en.wikipedia.org/wiki/Juche" class="extiw" title="w:Juche">Juche</a> <small>(• <a href="/wiki/Kim_Il-sung" title="Kim Il-sung">Kim Il-sung</a> • <a href="/wiki/Kim_Jong-il" title="Kim Jong-il">Kim Jong Il</a> • <a href="/wiki/Kim_Jong-un" title="Kim Jong-un">Kim Jong Un</a>...)</small> ⦿ <a href="/wiki/Liberalism" title="Liberalism">Liberalism</a> ⦿ <a href="/wiki/Libertarianism" title="Libertarianism">Libertarianism</a><b>/</b><a href="/wiki/Laissez-faire" title="Laissez-faire">Laissez-faire</a> <a href="/wiki/Capitalism" title="Capitalism">Capitalism</a> ⦿ <a href="/wiki/Maoism" class="mw-redirect" title="Maoism">Maoism</a> ⦿ <a href="/wiki/Marxism" title="Marxism">Marxism</a> ⦿ <a href="/wiki/Mozi" title="Mozi">Mohism</a> ⦿ <a href="/wiki/Republicanism" class="mw-redirect" title="Republicanism">Republicanism</a> ⦿ <a href="/wiki/Social_democracy" title="Social democracy">Social democracy</a> ⦿ <a href="/wiki/Socialism" title="Socialism">Socialism</a> ⦿ <a href="/wiki/Stalinism" title="Stalinism">Stalinism</a> ⦿ <a href="/wiki/Leo_Strauss" title="Leo Strauss">Straussianism</a> ⦿ <a href="/wiki/Anarcho-syndicalism" title="Anarcho-syndicalism">Syndicalism</a> ⦿ <a href="/wiki/Xi_Jinping" title="Xi Jinping">Xi Jinping thought</a> ⦿ <i><a href="/wiki/New_Monasticism" title="New Monasticism">New Monasticism</a></i> <small>(• <a href="/wiki/Alasdair_MacIntyre" title="Alasdair MacIntyre">MacIntyre</a> • <a href="/wiki/Rod_Dreher" title="Rod Dreher">Dreher</a>...)</small> </td></tr> <tr> <td style="background:#E4F2E4">Modalities</td> <td><a href="/wiki/Absolutism" title="Absolutism">Absolutism</a> <b>vs.</b> <a href="/wiki/Social_constructionism" title="Social constructionism">Social constructionism</a><b>/</b><a href="/wiki/Relativism" title="Relativism">Relativism</a> ⦿ <a href="/wiki/Autarky" title="Autarky">Autarky</a><b>/</b><a href="/wiki/Autonomy" title="Autonomy">Autonomy</a> <b>vs.</b> <a href="/wiki/Heteronomy" title="Heteronomy">Heteronomy</a> ⦿ <a href="/wiki/Authoritarianism" title="Authoritarianism">Authoritarianism</a><b>/</b><a href="/wiki/Totalitarianism" title="Totalitarianism">Totalitarianism</a> ⦿ <a href="/wiki/Colonialism" title="Colonialism">Colonialism</a> <b>vs.</b> <a href="/wiki/Imperialism" title="Imperialism">Imperialism</a> ⦿ <a href="/wiki/Communitarianism" title="Communitarianism">Communitarianism</a> <b>vs.</b> <a href="/wiki/Liberalism" title="Liberalism">Liberalism</a> ⦿ <a href="/wiki/Elitism" title="Elitism">Elitism</a> <b>vs.</b> <a href="/wiki/Populism" title="Populism">Populism</a><b>/</b><a href="/wiki/Tyranny_of_the_majority" title="Tyranny of the majority">Majoritarianism</a><b>/</b><a href="/wiki/Egalitarianism" title="Egalitarianism">Egalitarianism</a> ⦿ <a href="/wiki/Individualism" title="Individualism">Individualism</a> <b>vs.</b> <a href="/wiki/Collectivism" title="Collectivism">Collectivism</a> ⦿ <a href="/wiki/Nationalism" title="Nationalism">Nationalism</a> <b>vs.</b> <a href="/wiki/Cosmopolitanism" title="Cosmopolitanism">Cosmopolitanism</a> ⦿ <a href="/wiki/Particularism" class="mw-redirect" title="Particularism">Particularism</a> <b>vs.</b> <a href="/wiki/Universalism" title="Universalism">Universalism</a> ⦿ <a href="/wiki/Modernism" title="Modernism">Modernism</a><b>/</b><a href="/wiki/Progressivism" title="Progressivism">Progressivism</a> <b>vs.</b> <a href="/wiki/Postmodernism" title="Postmodernism">Postmodernism</a> ⦿ <a href="/wiki/Reactionism" class="mw-redirect" title="Reactionism">Reactionism</a><b>/</b><a href="/wiki/Traditionalism" class="mw-redirect" title="Traditionalism">Traditionalism</a> <b>vs.</b> <a href="/wiki/Futurism" title="Futurism">Futurism</a><b>/</b><a 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