Seems to me it’s a simple concept — the concentration of wealth is a Bad Idea. Since capital tends to concentrate, it is one of the functions of government to oppose this tendency. That’s why we used to have antimonopoly laws and the like.
When you see government encouraging the concentration of wealth, check your wallet.Molly Ivins (1944-2007) American writer, political columnist [Mary Tyler Ivins]
Essay (1991-02), “Season of Drear,” The Progressive
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Quotations about:
monopoly
Note not all quotations have been tagged, so Search may find additional quotes on this topic.
Once it is realized that business monopoly in America paralyzes the system of free enterprise on which it is grafted, and is as fatal to those who manipulate it as to the people who suffer beneath its impositions, action by the government to eliminate these artificial restraints will be welcomed by industry throughout the nation.
For idle factories and idle workers profit no man.Franklin Delano Roosevelt (1882–1945) American lawyer, politician, statesman, US President (1933–1945)
Message (1938-04-29) to Congress, On Curbing Monopolies
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[…] [P]redatory wealth — of the wealth accumulated on a giant scale by all forms of iniquity, ranging from the oppression of wageworkers to unfair and unwholesome methods of crushing out competition, and to defrauding the public by stock jobbing and the manipulation of securities.
Certain wealthy men of this stamp, whose conduct should be abhorrent to every man of ordinarily decent conscience, and who commit the hideous wrong of teaching our young men that phenomenal business success must ordinarily be based on dishonesty, have during the last few months made it apparent that they have banded together to work for a reaction. Their endeavor is to overthrow and discredit all who honestly administer the law, to prevent any additional legislation which would check and restrain them, and to secure if possible a freedom from all restraint which will permit every unscrupulous wrongdoer to do what he wishes unchecked provided he has enough money.Theodore Roosevelt (1858–1919) American politician, statesman, conservationist, writer, US President (1901–1909)
Message (1908-01-31) to Congress, on Workers Compensation
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Many people believe that possession of unchallenged economic power deadens initiative, discourages thrift and depresses energy; that immunity from competition is a narcotic, and rivalry is a stimulant, to industrial progress; that the spur of constant stress is necessary to counteract an inevitable disposition to let well enough alone. Such people believe that competitors, versed in the craft as no consumer can be, will be quick to detect opportunities for saving and new shifts in production, and be eager to profit by them. […] True, it might have been thought adequate to condemn only those monopolies which could not show that they had exercised the highest possible ingenuity, had adopted every possible economy, had anticipated every conceivable improvement, stimulated every possible demand. No doubt, that would be one way of dealing with the matter, although it would imply constant scrutiny and constant supervision, such as courts are unable to provide. Be that as it may, that was not the way that Congress chose; it did not condone “good trusts” and condemn “bad” ones; it forbad all.
Learned Hand (1872-1961) American jurist
United States v. Aluminum Co. of America, 148 F.2d 416, 427 (1945)
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It is a basic economic proposition that as long as a relatively few men own the railroads, the telegraph, the telephone, own the oil fields and the gas fields and the steel mills and the sugar refineries and the leather tanneries — own, in short, the sources and means of life — they will corrupt our politics, they will enslave the working class, they will impoverish and debase society, they will do all things that are needful to perpetuate their power as the economic masters and the political rulers of the people.
Eugene V. Debs (1855-1926) American union leader, activist, socialist, politician
“The Issue,” Speech, Girard, Kansas (23 May 1908)
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We had to struggle with the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.
Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me — and I welcome their hatred.Franklin Delano Roosevelt (1882–1945) American lawyer, politician, statesman, US President (1933–1945)
Speech (1936-10-31), Madison Square Garden, New York City
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Thus, then, stands the case. It is good, that authors should be remunerated; and the least exceptionable way of remunerating them is by a monopoly. Yet monopoly is an evil. For the sake of the good we must submit to the evil; but the evil ought not to last a day longer than is necessary for the purpose of securing the good.
Thomas Babington Macaulay (1800-1859) English writer and politician
Speech on the Copyright Bill (5 Feb 1841)
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