Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there is no monopoly. The freedom of competition is violated only insofar as individuals are excluded from markets or parts of markets by means of the initiation of physical force. Monopoly is thus a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force. It is thus something imposed upon the market from without__y the government. (Private individuals__angsters__an initiate force to reserve markets only if the government allows it and thereby sanctions it.)Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.
Many of us do not continue to grow spiritually because we prefer to choose on the basis of our rights, instead of relying on God to make the choice for us.
Quote Detail
Many of us do not continue to grow spiritually because we prefer to choose on the basis of our rights, instead of relying on God to make the choice for us.
Quick Answer
What this quote page tells you
This canonical quote page keeps the full saying, the attributed author, any linked work, and the topic tags together so the quote can be cited from one stable URL.
Related Quotes
More quote cards from the same area
Collectivism is the "philosophy" of every cockroach and sewer rat: "If I want it, I must need it, and if I need it, I have a right to it, and if I have a right to it, it doesn't matter what I have to do to get it." Thefact that such an inherently animalistic, short-sighted, anti-humanviewpoint is now painted by some as compassionate and "progressive" does not make it any more sane, or any less dangerous.
The grace you had yesterday will not be sufficient for today.
God's friendship is with people who know their poverty.
If you open your mouth in the dark, you will speak while in the wrong mood--darkness is the time to listen.
Democracy was supposed to champion freedom of speech, and yet the simple rules of table decorum could clamp down on the rights their forefathers had fought and died for.