All freedom of trade must disappear. Competition must be utterly wiped out. All industrial and commercial activity must be centered in one vast, enormous, all-inclusive monopoly. The remedy for monopolies is monopoly.
About this quote
- What does it mean?
- Tucker ironically suggests that eliminating competition leads to a single monopoly, which he claims is the remedy for monopolies.
- In plain terms
- Stopping competition creates one big monopoly instead of many small ones.
- What can you take from it?
- Eliminating competition often creates larger monopolies.
Where it applies
Putting it to work
Questions to consider
- Does removing competition solve monopoly problems?
- What creates true market freedom?
Another view
The argument relies on irony and may oversimplify complex market dynamics.
More from Benjamin Tucker
Product and capital are essentially different things; the former belongs to individuals, the latter to society.
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Permalink to quote #8 To the individual can belong only the products to be consumed, not the means of producing them. A man may own his clothes and his food, but not the sewing-mach…
Permalink to quote #5
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