Despite the large number of mergers, and the growth in the…
![“Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition. [And] competition was unacceptable…It was not the existence of monopoly that caused…” quote by Gabriel Kolko](https://sms4smile.com/q/img-quotes/0c8/gabriel-kolko-67702_20th-century_despite-the-large-number-of-mergers-and_539806.jpg)
“Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition. [And] competition was unacceptable…It was not the existence of monopoly that caused the federal government to intervene in the economy, but the lack of it.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Competition, not monopoly, spurred government regulation; lack of competition was the real problem.
In simple terms: Regulation responded to competition, not monopoly.
Key Takeaway
Promote competition.
Themes
economics
regulation
history
policy
market
Mood
analytical
historical
critical
Type
economic
political
When to use this quote
- business strategy
- policy analysis
- market entry
- innovation promotion
Key Concepts
antitrust law
industrial organization
government intervention
Questions to Reflect On
- Why do we fear competition?
- What balance should exist between competition and regulation?
A Different Perspective
Monopolies can also harm consumers; regulation may stifle innovation.