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livid, adj.
Fuck You for cheating on me. Fuck you for reducing it to the word cheating. As if this were a card game, and you sneaked a look at my hand. Who came up with the term cheating, anyway? A cheater, I imagine. Someone who thought liar was too harsh. Someone who thought devastator was too emotional. The same person who thought, oops, he’d gotten caught with his hand in the cookie jar. Fuck you. This isn’t about slipping yourself an extra twenty dollars of Monopoly money. These are our lives. You went and broke our lives. You are so much worse than a cheater. You killed something. And you killed it when its back was turned.
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David Levithan (The Lover's Dictionary)
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Taxation is robbery based on monopoly of weapons
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Robert Anton Wilson (The Illuminati Papers)
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The most urgent necessity is, not that the State should teach, but that it should allow education. All monopolies are detestable, but the worst of all is the monopoly of education.
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Frédéric Bastiat (What Is Money?)
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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.
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Franklin D. Roosevelt
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Fuck you. This isn’t about slipping yourself an extra twenty dollars of Monopoly money. These are our lives. You went and broke our lives. You are so much worse than a cheater. You killed something. And you killed it when its back was turned.
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David Levithan (The Lover's Dictionary)
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The really dangerous American fascist... is the man who wants to do in the United States in an American way what Hitler did in Germany in a Prussian way. The American fascist would prefer not to use violence. His method is to poison the channels of public information. With a fascist the problem is never how best to present the truth to the public but how best to use the news to deceive the public into giving the fascist and his group more money or more power... They claim to be super-patriots, but they would destroy every liberty guaranteed by the Constitution. They demand free enterprise, but are the spokesmen for monopoly and vested interest. Their final objective, toward which all their deceit is directed, is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection.
~quoted in the New York Times, April 9, 1944
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Henry A. Wallace
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Livid:
F* You for cheating on me. F* you for reducing it to the word cheating. As if this were a card game, and you sneaked a look at my hand. Who came up with the term cheating, anyway? A cheater, I imagine. Someone who thought liar was too harsh. Someone who thought devastator was too emotional. The same person who thought, oops, he’d gotten caught with his hand in the cookie jar. F* you. This isn’t about slipping yourself an extra twenty dollars of Monopoly money. These are our lives. You went and broke our lives. You are so much worse than a cheater. You killed something. And you killed it when its back was turned.
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David Levithan (The Lover's Dictionary)
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In an effort to eliminate the possibility of any rival growing up, some monopolists would sacrifice democracy itself.
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Henry A. Wallace
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Do you know what broccoli is like to your body? It is like a hundred-dollar bill. When you eat it, you are paying yourself with health. Do you know what a cookie is like? It is Monopoly money! You’re giving your body fraudulent currency.
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Alissa Nutting (Made for Love)
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The human currency of praise is Monopoly money. It feels great for a moment to collect, but when the game is over, it's worthless.
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Yasmin Mogahed (Reclaim Your Heart: Personal Insights on Breaking Free from Life's Shackles)
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For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up. 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.
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Franklin D. Roosevelt
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Because it is a monopoly, government brings inefficiency and stagnation to most things it runs; government agencies pursue the inflation of their budgets rather than the service of their customers; pressure groups form an unholy alliance with agencies to extract more money from taxpayers for their members. Yet despite all this, most clever people still call for government to run more things and assume that if it did so, it would somehow be more perfect, more selfless, next time.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist.
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David Graeber (Debt: The First 5,000 Years)
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The acquisition by dishonest means and cunning,' said Levin, feeling that he was incapable of clearly defining the borderline between honesty and dishonesty. 'Like the profits made by banks,' he went on. 'This is evil, I mean, the acquisition of enormous fortunes without work, as it used to be with the spirit monopolists. Only the form has changed. Le roi est mort, vive le roi! Hardly were the monopolies abolished before railways and banks appeared: just another way of making money without work.
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Leo Tolstoy (Anna Karenina)
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Poverty is not caused by men and women getting married; it's not caused by machinery; it's not caused by "over-production"; it's not caused by drink or laziness; and it's not caused by "over-population". It's caused by Private Monopoly. That is the present system. They have monopolized everything that it is possible to monopolize; they have got the whole earth, the minerals in the earth and the streams that water the earth. The only reason they have not monopolized the daylight and the air is that it is not possible to do it. If it were possible to construct huge gasometers and to draw together and compress within them the whole of the atmosphere, it would have been done long ago, and we should have been compelled to work for them in order to get money to buy air to breathe. And if that seemingly impossible thing were accomplished tomorrow, you would see thousands of people dying for want of air - or of the money to buy it - even as now thousands are dying for want of the other necessities of life. You would see people going about gasping for breath, and telling each other that the likes of them could not expect to have air to breathe unless the had the money to pay for it. Most of you here, for instance, would think and say so. Even as you think at present that it's right for so few people to own the Earth, the Minerals and the Water, which are all just as necessary as is the air. In exactly the same spirit as you now say: "It's Their Land," "It's Their Water," "It's Their Coal," "It's Their Iron," so you would say "It's Their Air," "These are their gasometers, and what right have the likes of us to expect them to allow us to breathe for nothing?" And even while he is doing this the air monopolist will be preaching sermons on the Brotherhood of Man; he will be dispensing advice on "Christian Duty" in the Sunday magazines; he will give utterance to numerous more or less moral maxims for the guidance of the young. And meantime, all around, people will be dying for want of some of the air that he will have bottled up in his gasometers. And when you are all dragging out a miserable existence, gasping for breath or dying for want of air, if one of your number suggests smashing a hole in the side of one of th gasometers, you will all fall upon him in the name of law and order, and after doing your best to tear him limb from limb, you'll drag him, covered with blood, in triumph to the nearest Police Station and deliver him up to "justice" in the hope of being given a few half-pounds of air for your trouble.
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Robert Tressell (The Ragged Trousered Philanthropists)
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To put it baldly, there are two ways to become wealthy: to create wealth or to take wealth away from others. The former adds to society. The latter typically subtracts from it, for in the process of taking it away, wealth gets destroyed. A monopolist who overcharges for his product takes money from those whom he is overcharging and at the same time destroys value. To get his monopoly price, he has to restrict production.
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Joseph E. Stiglitz (The Price of Inequality: How Today's Divided Society Endangers Our Future)
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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 and we know now that a government by organized money is just as bad as a government by organized mob.
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Franklin D. Roosevelt
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Any support we get from persons of flesh and blood is like Monopoly money; it’s not legal tender in that sphere where we have to do our work. In fact, the more energy we spend stoking up on support from colleagues and loved ones, the weaker we become and the less capable of handling our business.
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Steven Pressfield (The War of Art: Winning the Inner Creative Battle)
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In particular, the State has arrogated to itself a compulsory monopoly over police and military services, the provision of law, judicial decision-making, the mint and the power to create money, unused land ("the public domain"), streets and highways, rivers and coastal waters, and the means of delivering mail...the State relies on control of the levers of propaganda to persuade its subjects to obey or even exalt their rulers.
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Murray N. Rothbard (The Ethics of Liberty)
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If I right now decided that I wanted to play Monopoly with you, and for 400 rounds of playing Monopoly, I didn’t allow you to have any money, I didn’t allow you to have anything on the board, I didn’t allow for you to have anything, and then we played another 50 rounds of Monopoly and everything that you gained and you earned while you were playing that round of Monopoly was taken from you, that was Tulsa. That was Rosewood. Those are places where we built black economic wealth, where we were self-sufficient, where we owned our stores, where we owned our property, and they burned them to the ground.
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Kimberly Jones
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The so-called “socialism” exceeded the mangiest recommendations of Keynes! Such a regulated state capitalism, such an intervention of the state in the economy like “socialism” does, Keynes had not even dreamed possible! The exceptional assistance of the state for the monopolies and their coalescence in a constitution—still after the receipt of Keynes! There is no better application of Keynes’s doctrine than the “socialism” of the twentieth century! Keynesian doctrine is an ideology of étatism, which strangely, was proclaimed as an essence of socialism! Keynes—the ideologist of the national debt, of the chronic budgetary deficit, and the inflation! His idea is the militarization of the economy, increasing workmen’s taxes, regulation of incomes through a “moderate inflation” in favor of the rich and the “solution” of the economic crises by regulation of the money circulation. All that was so well carried and applied in the “socialist” system that Keynes himself would have to wonder and to be proud of his “communist” disciples! Actually, Keynes, by observing the Soviet Union, had understood well the role of the state and the monopoly of the capital and sincerely recognized, by contrast with Stalin and the others after him, that they were used in a wonderful manner for the confirmation and for the perpetuation of the sovereignty of capitalism but not for its abolition. His “planned capitalism” is the same “planned socialism” of the twentieth century!
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Todor Bombov (Socialism Is Dead! Long Live Socialism!: The Marx Code-Socialism with a Human Face (A New World Order))
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Monopoly money; it’s not legal tender in that sphere where we have to do our work. In fact, the more energy we spend stoking up on support from colleagues and loved ones, the weaker we become and the less capable of handling our business.
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Steven Pressfield (The War of Art: Winning the Inner Creative Battle)
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Have you ever played Monopoly? It's a board game designed to teach kids capitalism. And what happens in the end? The winner has all the money, and everyone else has nothing. Woohoo! So much fun! That's literally how America works. That's why there are a few super rich people who own almost everything, and tens of millions of dirt poor people who have nothing.
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Oliver Markus Malloy (How to Defeat the Trump Cult: Want to Save Democracy? Share This Book)
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There is no answer in the available literature to the question why a government monopoly of the provision of money is universally regarded as indispensable. ... It has the defects of all monopolies.
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Friedrich A. Hayek (Denationalisation of Money -The Argument Refined)
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The perspective I have on it now is that when I was trading my own account, it was like trading monopoly money. My trading capital was just something I kept score with. I detached myself emotionally from it.
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Jack D. Schwager (Unknown Market Wizards: The best traders you've never heard of)
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Another way of putting it is that Obama played the anti-war, anti-Wall Street party crasher to his grassroots base, which imagined itself leading an insurgency against the two-Party monopoly through dogged organization and donations gathered from lemonade stands and loose change found in the crevices of the couch. Meanwhile, he took more money from Wall Street than any other presidential candidate, swallowed the Democratic Party establishment in one gulp after defeating Hillary Clinton, then pursued “bipartisanship” with crazed Republicans once in the White House.
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Naomi Klein (No Logo: No Space, No Choice, No Jobs (Bestselling Backlist))
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I’m the only honest man in the republic. The government knows it; the people know it; the boodlers know it; the foreign investors know it. I make the government keep its faith. If a man is promised a job he gets it. If outside capital buys a concession it gets the goods. I run a monopoly of square dealing here. There’s no competition. If Colonel Diogenes were to flash his lantern in this precinct he’d have my address inside of two minutes. There isn’t big money in it, but it’s a sure thing, and lets a man sleep of nights.
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O. Henry (Delphi Complete Works of O. Henry (Illustrated))
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I'll put you wise. You remember the old top-liner in the copy book—"Honesty is the Best Policy"? That's it. I'm working honesty for a graft. I'm the only honest man in the republic. The government knows it; the people know it; the boodlers know it; the foreign investors know it. I make the government keep its faith. If a man is promised a job he gets it. If outside capital buys a concession it gets the goods. I run a monopoly of square dealing here. There's no competition. If Colonel Diogenes were to flash his lantern in this precinct he'd have my address inside of two minutes. There isn't big money in it, but it's a sure thing, and lets a man sleep of nights.
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O. Henry (Cabbages and Kings)
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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.
--Franklin Delano Roosevelt, from a 1936 speech in New York City
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Franklin D. Roosevelt
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First, I’d like to point out that I didn’t use ‘one of mine.’ You refused to let me pay for my ice cream cone with a good ol’ fashioned credit card, and you forced your pretend money on me. Secondly, I can’t take any currency seriously that looks like it belongs in a psychedelic-inspired Special Edition Monopoly box.
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Elle Lothlorien (Alice in Wonderland)
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g) Time it takes to reinvent yourself: five years. Here’s a description of the five years: Year One: You’re flailing and reading everything and just starting to do. Year Two: You know who you need to talk to and network with. You’re doing every day. You finally know what the Monopoly board looks like in your new endeavors. Year Three: You’re good enough to start making money. It might not be a living yet. Year Four: You’re making a good living, and you can quit your day job. Year Five: You’re making wealth. Sometimes you get frustrated in years one through four. You say, “Why isn’t it happening yet?” That’s okay. Just keep going. Or stop and pick a new field.
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James Altucher (The Power of No: Because One Little Word Can Bring Health, Abundance, and Happiness)
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to him, money was like the toy bank notes in Monopoly: he wanted it, not for what it could buy, but because it was needed to play the game
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Ken Follett (Paper Money)
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The root and source of all monetary evil is the government’s monopoly on money.
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Friedrich A. Hayek (Denationalisation of Money -The Argument Refined)
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Any writer or journalist who wants to retain his integrity finds himself thwarted by the general drift of society rather than by active persecution. The sort of things that are working against him are the concentration of the press in the hands of a few rich men, the grip of monopoly on radio and the films, the unwillingness of the public to spend money on books, making it necessary for nearly every writer to earn part of his living by hackwork… Everything in our age conspires to turn the writer, and every other kind of artist as well, into a minor official, working on themes handed down from above and never telling what seems to him the whole of the truth. But in struggling against this fate he gets no help from his own side: that is, there is no large body of opinion which will assure him that he’s in the right.
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George Orwell
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The way to overcome oligarchy is for the rest of us to join together and win America back. This will require a multiracial, multiethnic coalition of working-class, poor, and middle-class Americans fighting for democracy and against concentrated power and privilege, determined to rid politics of big money, end corporate welfare and crony capitalism, bust up monopolies, stop voter suppression, and strengthen the countervailing power of labor unions, employee-owned corporations, worker cooperatives, state and local banks, and grassroots politics. This agenda is neither right nor left. It is the bedrock for everything else America must do.
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Robert B. Reich (The System: Who Rigged It, How We Fix It)
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If you take away the state’s monopoly over the means of economic interaction, then you take away one of the three principal ingredients of the state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do...
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Julian Assange (Cypherpunks: Freedom and the Future of the Internet)
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By controlling the mass media – television, newspapers, radio, and print – the secret organization with the code name, Rothfellers, convinced people on earth to rebuild their weapons systems as a means of providing money and jobs for everyone. Computer games such as Tron, Space Commander, Defender, and PacMan, replaced Monopoly and other home games during the last of the twentieth century. The games were a scheme of the Rothfellers, with the aid of President Sam Emen, to secretly prepare young boys and girls for nuclear wars by programming their minds to handle computertized warfare. Such preparation would be useful, once the draft was brought into full force.
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Sophia Stewart (The Third Eye)
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There are plenty of other ways to get money, including chance, speculation, marriage, inheritance, theft, extortion, fraud, monopoly, graft, lobbying, counterfeiting, and prospecting. Most of the greatest fortunes have probably involved several of these.
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Paul Graham (Hackers & Painters: Big Ideas from the Computer Age)
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Whether in their policy of religious tolerance, devising a universal alphabet, maintaining relay stations, playing games, or printing almanacs, money, or astronomy charts, the rulers of the Mongol Empire displayed a persistent universalism. Because they had no system of their own to impose upon their subjects, they were willing to adopt and combine systems from everywhere. Without deep cultural preferences in these areas, the Mongols implemented pragmatic rather than ideological solutions. They searched for what worked best; and when they found it, they spread it to other countries. They did not have to worry whether their astronomy agreed with the precepts of the Bible, that their standards of writing followed the classical principles taught by the mandarins of China, or that Muslim imams disapproved of their printing and painting. The Mongols had the power, at least temporarily, to impose new international systems of technology, agriculture, and knowledge that superseded the predilections or prejudices of any single civilization; and in so doing, they broke the monopoly on thought exercised by local elites.
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Jack Weatherford (Genghis Khan and the Making of the Modern World)
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It is an obvious fact that the banks and big monopolies are now dependent on the state for their survival. As soon as they were in difficulties, the same people who used to insist that the state must play no role in the economy, ran to the government with their hands out, demanding huge sums of money. And the government immediately gave them a blank cheque. Trillions of pounds of public money has been handed over to the banks, totalling some $14 trillion. But the crisis continues to deepen.
All that has been achieved in the last four years is to transform what was a black hole in the finances of the banks into a black hole in public finances. In order to save the bankers, everybody is expected to sacrifice, but for the bankers and capitalists no sacrifices are demanded. They pay themselves lavish bonuses with the money of the taxpayer. This is Robin Hood in reverse.
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Alan Woods (What Is Marxism?)
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Normally, the easiest way to [use money to get more money, i.e. capitalism] is by establishing some kind of formal or de facto monopoly. For this reason, capitalists, whether merchant princes, financiers, or industrialists, invariably try to ally themselves with political authorities to limit the freedom of the market, so as to make it easier for them to do so. From this perspective, China was for most of its history the ultimate anti-capitalist market state. Unlike later European princes, Chinese rulers systematically refused to team up with would-be Chinese capitalists (who always existed). Instead, like their officials, they saw them as destructive parasites--though, unlike the usurers, ones whose fundamental selfish and antisocial motivations could still be put to use in certain ways. In Confucian terms, merchants were like soldiers. Those drawn to a career in the military were assumed to be driven largely by a love of violence. As individuals, they were not good people, but they were also necessary to defend the frontiers. Similarly, merchants were driven by greed and basically immoral; yet if kept under careful administrative supervision, they could be made to serve the public good. Whatever one might think of the principles, the results are hard to deny. For most of its history, China maintained the highest standard of living in the world--even England only really overtook it in perhaps the 1820s, well past the time of the Industrial Revolution.
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David Graeber (Debt: The First 5,000 Years)
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Granted, there are a lot of folks whose fires die out, I get that, but I also think there are a lot of couples out there who have been married thirty, forty, fifty years that know a whole lot more about the loving part of marriage than we give them credit for. We think we’re young, we’ve got the monopoly on passion.” I shook my head. “Not so sure. They might give Dr. Phil a run for his money.
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Charles Martin (The Mountain Between Us)
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So identified has the State become in the public mind with the provision of these services that an attack on State financing appears to many people as an attack on the service itself. Thus if one maintains that the State should not supply court services, and that private enterprise on the market could supply such service more efficiently as well as more morally, people tend to think of this as denying the importance of courts themselves. The libertarian who wants to replace government by private enterprises in the above areas is thus treated in the same way as he would be if the government had, for various reasons, been supplying shoes as a tax-financed monopoly from time immemorial. If the government and only the government had had a monopoly of the shoe manufacturing and retailing business, how would most of the public treat the libertarian who now came along to advocate that the government get out of the shoe business and throw it open to private enterprise? He would undoubtedly be treated as follows: people would cry, “How could you? You are opposed to the public, and to poor people, wearing shoes! And who would supply shoes to the public if the government got out of the business? Tell us that! Be constructive! It’s easy to be negative and smart-alecky about government; but tell us who would supply shoes? Which people? How many shoe stores would be available in each city and town? How would the shoe firms be capitalized? How many brands would there be? What material would they use? What lasts? What would be the pricing arrangements for shoes? Wouldn’t regulation of the shoe industry be needed to see to it that the product is sound? And who would supply the poor with shoes? Suppose a poor person didn’t have the money to buy a pair?” These questions, ridiculous as they seem to be and are with regard to the shoe business, are just as absurd when applied to the libertarian who advocates a free market in fire, police, postal service, or any other government operation. The point is that the advocate of a free market in anything cannot provide a “constructive” blueprint of such a market in advance. The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.
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Murray N. Rothbard (For a New Liberty: The Libertarian Manifesto (LvMI))
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The government monopoly of money leads not just to the suppression of innovation and experiment, not just to inflation and debasement, not just to financial crises, but to inequality too. As Dominic Frisby points out in his book Life After the State, opportunities in finance ripple outwards from the Treasury. The state spends money before it even exists; the privileged banks then get first access to newly minted money and can invest it before assets have increased in cost. By the time it reaches ordinary people, the money is worth less. This outward percolation is known as the Cantillon Effect – after Richard Cantillon, who noticed that the creation of paper money in the South Sea Bubble benefited those closest to the source first. Frisby argues that the process of money creation by an expansionary government effectively redistributes money from the poor to the rich. ‘This is not the free market at work, but a gross, unintended economic distortion caused by the colossal government intervention.’ The
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Matt Ridley (The Evolution of Everything: How New Ideas Emerge)
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Economists are quick to speak of ‘market failure’, and rightly so, but a greater threat comes from ‘government failure‘. Because it is a monopoly, government brings inefficiency and stagnation to most things it runs; government agencies pursue the inflation of their budgets rather than the service of their customers; pressure groups form an unholy alliance with agencies to extract more money from taxpayers for their members. Yet despite all this, most clever people still call for government to run more things and assume that if it did so, it would somehow be more perfect, more selfless, next time.
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Matt Ridley (The Rational Optimist: How Prosperity Evolves)
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An Act for establishing religious Freedom.
Section 1
Whereas, Almighty God hath created the mind free;
That all attempts to influence it by temporal punishments or burthens, or by civil incapacitations tend only to beget habits of hypocrisy and meanness, and therefore are a departure from the plan of the holy author of our religion, who being Lord, both of body and mind yet chose not to propagate it by coercions on either, as was in his Almighty power to do,
That the impious presumption of legislators and rulers, civil as well as ecclesiastical, who, being themselves but fallible and uninspired men have assumed dominion over the faith of others, setting up their own opinions and modes of thinking as the only true and infallible, and as such endeavouring to impose them on others, hath established and maintained false religions over the greatest part of the world and through all time;
That to compel a man to furnish contributions of money for the propagation of opinions, which he disbelieves is sinful and tyrannical;
That even the forcing him to support this or that teacher of his own religious persuasion is depriving him of the comfortable liberty of giving his contributions to the particular pastor, whose morals he would make his pattern, and whose powers he feels most persuasive to righteousness, and is withdrawing from the Ministry those temporary rewards, which, proceeding from an approbation of their personal conduct are an additional incitement to earnest and unremitting labours for the instruction of mankind;
That our civil rights have no dependence on our religious opinions any more than our opinions in physics or geometry,
That therefore the proscribing any citizen as unworthy the public confidence, by laying upon him an incapacity of being called to offices of trust and emolument, unless he profess or renounce this or that religious opinion, is depriving him injuriously of those privileges and advantages, to which, in common with his fellow citizens, he has a natural right,
That it tends only to corrupt the principles of that very Religion it is meant to encourage, by bribing with a monopoly of worldly honours and emoluments those who will externally profess and conform to it;
That though indeed, these are criminal who do not withstand such temptation, yet neither are those innocent who lay the bait in their way;
That to suffer the civil magistrate to intrude his powers into the field of opinion and to restrain the profession or propagation of principles on supposition of their ill tendency is a dangerous fallacy which at once destroys all religious liberty because he being of course judge of that tendency will make his opinions the rule of judgment and approve or condemn the sentiments of others only as they shall square with or differ from his own;
That it is time enough for the rightful purposes of civil government, for its officers to interfere when principles break out into overt acts against peace and good order;
And finally, that Truth is great, and will prevail if left to herself, that she is the proper and sufficient antagonist to error, and has nothing to fear from the conflict, unless by human interposition disarmed of her natural weapons free argument and debate, errors ceasing to be dangerous when it is permitted freely to contradict them.
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Thomas Jefferson
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In country after country where local moneys were abolished in favor of interest-bearing central currency, people fell into poverty, health declined, and society deteriorated12 by all measures. Even the plague can be traced to the collapse of the marketplace of the late Middle Ages and the shift toward extractive currencies and urban wage labor. The new scheme instead favored bigger players, such as chartered monopolies, which had better access to capital than regular little businesses and more means of paying back the interest. When monarchs and their favored merchants founded the first corporations, the idea that they would be obligated to grow didn’t look like such a problem. They had their nations’ governments and armies on their side—usually as direct investors in their projects. For the Dutch East India Company to grow was as simple as sending a few warships to a new region of the world, taking the land, and enslaving its people. If this sounds a bit like the borrowing advantages enjoyed today by companies like Walmart and Amazon, that’s because it’s essentially the same money system in operation, favoring the same sorts of players. Yet however powerful the favored corporations may appear, they are really just the engines through which the larger money system extracts value from everyone’s economic activity. Even megacorporations are like competing apps on a universally accepted, barely acknowledged smartphone operating system. Their own survival is utterly dependent on their ability to grow capital for their debtors and investors.
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Douglas Rushkoff (Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity)
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{From Luther Burbank's funeral. He was loved until he revealed he was an atheist, then he began to receive death threats. He tried to amiably answer them all, leading to his death}
It is impossible to estimate the wealth he has created. It has been generously given to the world. Unlike inventors, in other fields, no patent rights were given him, nor did he seek a monopoly in what he created. Had that been the case, Luther Burbank would have been perhaps the world's richest man. But the world is richer because of him. In this he found joy that no amount of money could give.
And so we meet him here today, not in death, but in the only immortal life we positively know--his good deeds, his kindly, simple, life of constructive work and loving service to the whole wide world.
These things cannot die. They are cumulative, and the work he has done shall be as nothing to its continuation in the only immortality this brave, unselfish man ever sought, or asked to know.
As great as were his contributions to the material wealth of this planet, the ages yet to come, that shall better understand him, will give first place in judging the importance of his work to what he has done for the betterment of human plants and the strength they shall gain, through his courage, to conquer the tares, the thistles and the weeds. Then no more shall we have a mythical God that smells of brimstone and fire; that confuses hate with love; a God that binds up the minds of little children, as other heathen bind up their feet--little children equally helpless to defend their precious right to think and choose and not be chained from the dawn of childhood to the dogmas of the dead.
Luther Burbank will rank with the great leaders who have driven heathenish gods back into darkness, forever from this earth.
In the orthodox threat of eternal punishment for sin--which he knew was often synonymous with yielding up all liberty and freedom--and in its promise of an immortality, often held out for the sacrifice of all that was dear to life, the right to think, the right to one's mind, the right to choose, he saw nothing but cowardice. He shrank from such ways of thought as a flower from the icy blasts of death. As shown by his work in life, contributing billions of wealth to humanity, with no more return than the maintenance of his own breadline, he was too humble, too unselfish, to be cajoled with dogmatic promises of rewards as a sort of heavenly bribe for righteous conduct here. He knew that the man who fearlessly stands for the right, regardless of the threat of punishment or the promise of reward, was the real man.
Rather was he willing to accept eternal sleep, in returning to the elements from whence he came, for in his lexicon change was life. Here he was content to mingle as a part of the whole, as the raindrop from the sea performs its sacred service in watering the land to which it is assigned, that two blades may grow instead of one, and then, its mission ended, goes back to the ocean from whence it came. With such service, with such a life as gardener to the lilies of the field, in his return to the bosoms of infinity, he has not lost himself. There he has found himself, is a part of the cosmic sea of eternal force, eternal energy. And thus he lived and always will live.
Thomas Edison, who believes very much as Burbank, once discussed with me immortality. He pointed to the electric light, his invention, saying: 'There lives Tom Edison.' So Luther Burbank lives. He lives forever in the myriad fields of strengthened grain, in the new forms of fruits and flowers, plants, vines, and trees, and above all, the newly watered gardens of the human mind, from whence shall spring human freedom that shall drive out false and brutal gods. The gods are toppling from their thrones. They go before the laughter and the joy of the new childhood of the race, unshackled and unafraid.
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Benjamin Barr Lindsey
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major piece of financial regulation—the Dodd-Frank Wall Street Reform and Consumer Protection Act—moved toward passage. Wall Street money flowed to some of its fiercest critics in the 2010 election. That year, seven out of the ten top recipients of Goldman Sachs contributions, for example, were Democrats. Former Clinton secretary of labor Robert Reich declared that this was evidence that Wall Street was “bribing elected officials with their donations.”14 I would argue that Reich had the power equation wrong. It was the Permanent Political Class that threatened to cause severe damage to the financiers—not the other way around. As the late economics professor Peter H. Aranson puts it, “The real market for contributions is one of ‘extortion’ by those who hold a monopoly on the use of coercion—the officeholders.”15 The midterm election passed, and so did Dodd-Frank.
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Peter Schweizer (Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets)
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Laissez faire! Let things alone! have said the judges of the camp. Careers are open; and although the field is covered with corpses, although the conqueror stamps on the bodies of the vanquished, although by supply and demand, and the combinations and monopolies in which they result, the greater part of society becomes enslaved to the few, let things along — for thus has decreed fair play. It is by virtue of this beautiful system that a parvenu, without speaking of the great lord who receives counties as his heritage, is able to conquer with ready money thousands of acres, expel those who cultivate his domain, and replace people and their dwellings with wild animals and rare trees. It is thus that a tradesman, more cunning or intelligent, or, perhaps, more favored by luck than his fellows, is enabled to become master of an army of workers, and as often as not to starve them at his pleasure.
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Élisée Reclus
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Mafiosi, for Franchetti, were entrepreneurs in violence, specialists who had developed what today would be called the most sophisticated business model in the marketplace. Under the leadership of their bosses, mafia bands ‘invested’ violence in various commercial spheres in order to extort protection money and guarantee monopolies. This was what he called the violence industry. As Franchetti wrote, [in the violence industry] the mafia boss . . . acts as capitalist, impresario and manager. He unifies the management of the crimes committed . . . he regulates the way labour and duties are divided out, and controls discipline amongst the workers. (Discipline is indispensable in this as in any other industry if abundant and constant profits are to be obtained.) It is the mafia boss’s job to judge from circumstances whether the acts of violence should be suspended for a while, or multiplied and made fiercer. He has to adapt to market conditions to choose which operations to carry out, which people to exploit, which form of violence to use.
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John Dickie (Cosa Nostra: The Definitive History of the Sicilian Mafia)
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I’m not suggesting anyone has acted illegally. To the contrary: CEOs believe they are supposed to maximize shareholder returns, and one means of accomplishing that goal is to play the political game as well as it possibly can be played and field the largest and best legal and lobbying teams available. Trade associations see their role as representing the best interests of their corporate members, which requires lobbying ferociously, raising as much money as possible for political campaigns of pliant lawmakers, and even offering jobs to former government officials. Public officials, for their part, perceive their responsibility as acting in the public interest. But the public interest is often understood as emerging from a consensus of the organized interests appearing before them. The larger and wealthier the organization, the better equipped its lawyers and its experts are to assert what’s good for the public. Any official who once worked for such an organization, or who suspects he may work for one in the future, is prone to find such arguments especially persuasive. Inside the mechanism of the “free market,” the economic and political power of the new monopolies feed off and enlarge each other.
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Robert B. Reich (Saving Capitalism: For the Many, Not the Few)
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Poverty is not caused by men and women getting married; it's not caused by machinery; it's not caused by "over-production"; it's not caused by drink or laziness; and it's not caused by "over-population". It's caused by Private Monopoly. That is the present system. They have monopolized everything that it is possible to monopolize; they have got the whole earth, the minerals in the earth and the streams that water the earth. The only reason they have not monopolized the daylight and the air is that it is not possible to do it. If it were possible to construct huge gasometers and to draw together and compress within them the whole of the atmosphere, it would have been done long ago, and we should have been compelled to work for them in order to get money to buy air to breathe. And if that seemingly impossible thing were accomplished tomorrow, you would see thousands of people dying for want of air - or of the money to buy it - even as now thousands are dying for want of the other necessities of life. You would see people going about gasping for breath, and telling each other that the likes of them could not expect to have air to breathe unless the had the money to pay for it. Most of you here, for instance, would think and say so. Even as you think at present that it's right for so few people to own the Earth, the Minerals and the Water, which are all just as necessary as is the air. In exactly the same spirit as you now say: "It's Their Land," "It's Their Water," "It's Their Coal," "It's Their Iron," so you would say "It's Their Air," "These are their gasometers, and what right have the likes of us to expect them to allow us to breathe for nothing?" And even while he is doing this the air monopolist will be preaching sermons on the Brotherhood of Man; he will be dispensing advice on "Christian Duty" in the Sunday magazines; he will give utterance to numerous more or less moral maxims for the guidance of the young. And meantime, all around, people will be dying for want of some of the air that he will have bottled up in his gasometers. And when you are all dragging out a miserable existence, gasping for breath or dying for want of air, if one of your number suggests smashing a hole in the side of one of th gasometers, you will all fall upon him in the name of law and order, and after doing your best to tear him limb from limb, you'll drag him, covered with blood, in triumph to the nearest Police Station and deliver him up to "justice" in the hope of being given a few half-pounds of air for your trouble
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Robert Tressell
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CAN WE TRUST ANYTHING THE NEW YORK TIMES SAYS ABOUT IMMIGRATION? In 2008, the world’s richest man, Carlos Slim Helu, saved the Times from bankruptcy. When that guy saves your company, you dance to his tune. So it’s worth mentioning that Slim’s fortune depends on tens of millions of Mexicans living in the United States, preferably illegally. That is, unless the Times is some bizarre exception to the normal pattern of corruption—which you can read about at this very minute in the Times. If a tobacco company owned Fox News, would we believe their reports on the dangers of smoking? (Guess what else Slim owns? A tobacco company!) The Times impugns David and Charles Koch for funneling “secret cash” into a “right-wing political zeppelin.”1 The Kochs’ funding of Americans for Prosperity is hardly “secret.” What most people think of as “secret cash” is more like Carlos Slim’s purchase of favorable editorial opinion in the Newspaper of Record. It would be fun to have a “Sugar Daddy–Off” with the New York Times: Whose Sugar Daddy Is More Loathsome? The Koch Brothers? The Olin Foundation? Monsanto? Halliburton? Every time, Carlos Slim would win by a landslide. Normally, Slim is the kind of businessman the Times—along with every other sentient human being—would find repugnant. Frequently listed as the richest man in the world, Slim acquired his fortune through a corrupt inside deal giving him a monopoly on telecommunications services in Mexico. But in order to make money from his monopoly, Slim needs lots of Mexicans living in the United States, sending money to their relatives back in Oaxaca. Otherwise, Mexicans couldn’t pay him—and they wouldn’t have much need for phone service, either—other than to call in ransom demands. Back in 2004—before the Times became Slim’s pimp—a Times article stated: “Clearly . . . the nation’s southern border is under siege.”2 But that was before Carlos Slim saved the Times from bankruptcy. Ten years later, with a border crisis even worse than in 2004, and Latin Americans pouring across the border, the Times indignantly demanded that Obama “go big” on immigration and give “millions of immigrants permission to stay.”3
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Ann Coulter (¡Adios, America!: The Left's Plan to Turn Our Country into a Third World Hellhole)
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The Federal Reserve The Federal Reserve Bank was founded in 1913. Most people think that this bank is an American Federal Company. That is just as wrong as the conviction that the Bank of England belongs to the British Crown or to the whole of England. The Federal Reserve is in the hands of the Rothschilds and company. In his speech before the Senate, on December 15, 1987, Senator Jesse Helms said: “The principal instrument of the control over the American economy and money is the Federal Reserve System.” The Federal Reserve has a monopoly over the expenditure of the dollar as a world currency and determining the interest rate, and it disposes of a lot more monopolies. How does the Federal Reserve Bank operate? Suppose the United States government needs a couple of billion dollars for its expenses that cannot be paid with taxes income. At that moment it addresses the Federal Reserve Board. Then government bonds for the needed billion dollars are printed in the Bureau of Printing and Engraving. After these bonds are handed over to the bankers of the Federal Reserve, the board grants a loan to the government in the amount of the bond issue. The Federal Reserve draws interest from the government from the day the bonds are delivered. From that day on the government is allowed to draw checks against the Federal Reserve for the amount of the bonds. What are the consequences of this incredible transaction? The government simply saddles the people with a billion dollar debt to the Federal Reserve Bank, apart from the interest on interest that also has to be paid by “ordinary people”. What does the Federal Reserve have to say about “their” money? “Neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper, deposits merely book entries.”[76] When the Federal Reserve needs new, or more, currency to transact its business, it takes the bonds over to the United States Treasury for safekeeping and asks the Treasury Department for the billions of dollars of new currency it needs. The Bank is accommodated on condition that it will pay the printing bill. It only pays for the expenditure costs of the banknotes, which are no more than a mere 500 dollars for ink and paper!
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Robin de Ruiter (Worldwide Evil and Misery - The Legacy of the 13 Satanic Bloodlines)
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The Honourable Lady confuses the American people with American policy.... It is the very generosity of the American people which makes it possible for their policy-makers to confuse the trick them into believing that American is the God-father of the world. That is nonsense, and the American people should know it. If they don't get to know it, then the continuation of their present policy will make them the most despised people on earth. I know the Americans are generous. I know American policy is 'generous'. But there you have two different things. What the policy-makers expect in return for their dollar bounty is political co-operation against Russia and any other nation they like to call Red! I would remind the Honourable Lady that it is their anti-Red benevolence that is universal. In China, American capital is still spending more to create the military dictatorship of Chiang Kai-Shek than it did to assist China against Japan. With so many other nations in Europe and Asia broken by the war, American assistance with money and machinery almost means life itself. For national existence however, American policy has a price. It offers unconditional money, machinery, and arms to any nation that will denounce Russian and Communism and pronounce American as the God of all free nations. Even in defeated Italy, Germany, and Japan, American policy supports any sect that is anti-Red and anti-Russian. There is no end to this white American morality, it has its wide wide arms across the globe, its long fingers in every nation, and its loud voice in every ear,...
Why talk about Russia!... If we must talk here about interference by one nation in another's affairs, let us talk of this American interference in every nation's affairs. Is there a nation on the face of the earth to-day except Russian and her so-called satellites which can hold up its head and say it is independent of the American dollar? We are all on our knees, and we won't admit it. Our American masters do not need arms and occupation; capital is enough. Capital is enough to strangle the earth if only it has the support of its victims. We are asked to support it—to bring others to their knees: France, Jugo-slavia, Bulgaria, Czechoslovakia, Poland, all of Eastern Europe, Greece, Turkey and Iran. The world over, we are asked to replace so-called Communism with the dollar. That dollar means governorship by those who will sell themselves and their nation for a smell of wealth and a grip of power.
Such men are international. American has no monopoly on evil and stupid men. American simply has the wealth for bigger evil. The rest of us follow her according to our own evil and our own stupidity. British policy to-day is as bad as America's despite our Socialist Government.
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James Aldridge (The Diplomat)
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It's the knowledge I spit that's detrimental to those powerful. Mental elemental procedures to the mass of ignorance. It's an on-going, never-ending symbol of punishment for the suffering is due to its lack of acknowledgement. Masquerades, gimmicks, and monopoly games; giving your heart to this money instead of Almighty, so it's suffering and burning of flames, a burning of shame.
Playing the game can never leave you the same so who is to blame? Complete conspiracy, committed theft of inherited immunity, live a life of misery and taxing our energy. A straw afloat on water of deceptive ingenuity. A false replica of me, an enemy with my name but non-resistant so I agree with my adversary.
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Jose R. Coronado (The Land Flowing With Milk And Honey)
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Human beings need land even more so than they need money; the monopoly of land - not the monopoly of money - is the primary driver of poverty and inequality. Once we understand that the issue is lack of affordable access to land, and therefore to community, we understand why the value of land has to be shared.
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Martin Adams (Land: A New Paradigm for a Thriving World)
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Markets are free when human beings have equal opportunities to influence the production and trade of desirable goods and services... Some people attain market control and set market prices due to favourable natural, social or political conditions: They attain a monopoly. The problem with monopolies is that they enable those who have attained them to extract money from society without providing goods or services of corresponding value. Apart from abolute monopolies, monopolies can also occur when the market is simply closed to new participants because overall supply can't be increased; these are known as entry monopolies.
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Martin Adams (Land: A New Paradigm for a Thriving World)
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On Saturday morning he got out the Monopoly set with the boys, and they got launched into a tournament that went on hours. I remember at a certain point my youngest son, Shuba, landed his silver top hat or racing car on a square where Pete had two hotels built. Shuba had to pay out almost all his money. He flew into a rage, ran to his room, slammed the door screaming “I hate you all!” It took us 15 minutes to coach him out. Pete, on the other hand, was enjoying the game, not to win or lose, but to relax and have fun. It really made no difference to him what the outcome was, and in fact when my older son came through as the victor, Pete was delighted. In one sense, this is the essence of aging with wisdom. You still participate fully. You still play the game with gusto. You still build hotels. You still go to jail and wait to roll a double six. But you do all these things in a spirit of amused detachment. If you win, you win; if you lose, you lose; but you’ve learned that is not the point of being here.
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John C. Robinson (The Three Secrets of Aging)
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But the smaller profit margins, plus the lure of easier money to be made by producing more lucrative items, drove some of these manufacturers to quit making older cheap drugs, thereby handing near monopolies to those who remained in the market.
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Elisabeth Rosenthal (An American Sickness: How Healthcare Became Big Business and How You Can Take It Back)
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Tip: Like everywhere else in Europe (except the UK and Switzerland), the Netherlands uses the euro.
What is up with you, UK and Switzerland? Euros are super cute! The bills look just like Monopoly money, plus they have coins instead of one- and two-dollar bills that accumulate in your pocket and can be used to buy a pair of wooden clogs. Kidding! Don't buy a pair of wooden clogs. You'll never wear them, and they are way too heavy to carry around in your bag.
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Sarah Mlynowski (I See London, I See France (I See London, I See France, #1))
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See, In India I am going to say as I am Indian citizen, yes there is environmental concerns everywhere in India but they seem to be tiny and can be tackled within 20 years. So either it is exaggerated problem or the real pollution data is not open source i .e - Government is indirectly supporting and/ or hiding monopolies. Because governments focus is only on farming practices where land lords are having too much lands and using mixed system of farming because of unpredictable weather and indeed it does pollute the soil but applying biological remediation will obviously help treat and cleanse them. Why biological remediation is not at all considered? Animal genomics is under ethics, ok understood but microbial genomics, plant genomics?
See there is certainly environmental problems from industries that affect farming, But i visualize that it is to eliminate land lords to make complete manu smiriti India. And who polluted farming system, obviously fertilizers and who allowed it? Indian government! before 200 years was there fertilizers in India? Why did they allow it, is it because they wanted pollute it for the money they get from foreign giants! or is it because they wanted to pollute the environment deliberately and then they want to cleanse it so that they get good names and meanwhile while cleansing strategies applied, as a partnership they enter into the system and then they eliminate land holders and make them sudras again manusmiriti concept! Isn't it? Do you know something this manu smiriti concept never much happened in South India, yeah it happened only upto certain level not completely like Uttar Pradesh and Rajasthan. You people have polluted the environment now just pretending to be gods of saving nature and after inturns slowly making manusmiriti India. Yes south has pollution, and we know how to tackle it, we have scientists, we have context specific reasons, we have languages and cultures to protect. Indian law says, every cultures have their own rights to preserve their culture. Yes world is one, I agree, Context specificity always remains same. We have problems yes agreed we resolve it, Indian government as a sovereign country, it your duty to support our work and question only when it is against law, humanism and immorality.
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Ganapathy K
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For any society, working population is required. For controlling, maintaining and sustaining working population there are only two tools, sexual thoughts which are common for men and women and money. Intention of reaching stable population and sustained and shared resources are visualized by these people but monopoly always wants big basket for them, whatever the situation is these monopoly always wants to maintain its royalty. The challenge in sustainable development is not only working population but also controlling monopoly's
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Ganapathy K
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In our age, the idea of intellectual liberty is under attack from two directions. On the one side are its theoretical enemies, the apologists of totalitarianism, and on the other its immediate, practical enemies, monopoly and bureaucracy. Any writer or journalist who wants to retain his integrity finds himself thwarted by the general drift of society rather than by active persecution. The sort of things that are working against him are the concentration of the press in the hands of a few rich men, the grip of monopoly on radio and the films, the unwillingness of the public to spend money on books, making it necessary for nearly every writer to earn part of his living by hackwork, the encroachment of official bodies… Everything in our age conspires to turn the writer, and every other kind of artist as well, into a minor official, working on themes handed down from above and never telling what seems to him the whole of the truth. But in struggling against this fate he gets no help from his own side; that is, there is no large body of opinion which will assure him that he’s in the right.
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George Orwell (The Prevention of Literature)
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What happened in the nineteen-eighties was something quite different, pressed upon governments from two quite distinct directions. In the first place, accelerating developments in technology—notably in telecommunications and the financial markets—were undermining the old ‘natural’ monopolies. If governments could no longer harness the airwaves, or the movement of money, for their own exclusive use, it made little sense for them to ‘own’ them. There remained a powerful political or social case for the state retaining part of a given sector—a public television channel, say, or the post office; but competition was now unavoidable.
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Tony Judt (Postwar: A History of Europe Since 1945)
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There was one major problem with this provision. International Match did not have 17 million dollars. Indeed, International Match did not have any money. Remember that Ivar previously had moved all of the cash International Match had raised from the gold debentures to Continental, the Liechtenstein subsidiary. Then, he had used the cash from the participating preferred shares to repay the gold debentures. That meant all the money was gone. In order to comply with the secret Poland contract, International Match would need to raise another 17 million dollars right away. In other words, Ivar had signed a promise to give Poland 17 million dollars he didn’t have. The second Poland agreement also contained some extraordinary protections for International Match, terms that would have impressed Lee Higginson’s bankers, if they had seen them. For example, Ivar obtained an agreement that if “for one reason or another” Garanta did not earn enough profit to pay the 24 percent interest payments due to Poland, those payments would be covered by “the income of the Polish Alcohol Monopoly or … the Polish Tobacco Monopoly.”34 In other words, Ivar obtained a promise of payment supported not only by the match monopoly, but by unaffiliated monopolies on alcohol and tobacco. Ivar also included a binary foreign exchange option, a kind of derivative contract, to protect International Match from any declines in the value of the dollar: “International Match Corporation shall have the right to obtain payment of interest in Dutch guilders or US dollars according to its choice and for all such payments one dollar shall be counted as 2½ guilders.”35 Given that Garanta’s shareholders would be nominated by Dr Glowacki, how would Ivar retain control of Garanta? Here, as well, Ivar created another innovative financial provision: During the first four years until October 1, 1929, International Match Corporation shall have the right to appoint the managing director of Garanta who is alone entitled to sign for the company. On or after October 1, 1929, International Match Corporation has the right to acquire 60 percent of the shares at par.36 This option term secured both initial control over Garanta and the right to own a majority of Garanta’s shares in the future. Either way, Ivar, not Dr Glowacki, would have control.
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Frank Partnoy (The Match King: Ivar Kreuger and the Financial Scandal of the Century)
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In particular, there is strong social pressure from peers, colleagues and clients to boost near-term performance. Even if one has developed the analytical skills to spot the winner, the psychological disposition necessary to own shares for prolonged periods is not easily come by. J.K. Galbraith observed that: “nothing is so admirable in politics as a short-term memory.” Why should politics have a monopoly on sloppy thinking? Which makes us think that long-term investing works not because it is more difficult, but because there is less competition out there for the really valuable bits of information.
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Edward Chancellor (Capital Returns: Investing Through the Capital Cycle: A Money Manager’s Reports 2002-15)
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There are two things that are important in politics. The first is money, and I can’t remember the second.
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Matt Stoller (Goliath: The 100-Year War Between Monopoly Power and Democracy)
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So I think people are now starting to make a lot of money out of owning patents.Trademarks, of course, have always made people a lot of money. A trademark system is a wonderful thing for a big operation if it's well known. The exclusive franchise can also be wonderful. If there were only three television channels awarded in a big city and you owned one of them, there were only so many hours a day that you could be on. So you had a natural position in an oligopoly in the pre-cable days. And if you get the franchise for the only food stand in an airport, you have a captive clientele, and you have a small monopoly of a sort.
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Peter D. Kaufman (Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition)
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Now that Ivar had converted his debentures into more flexible obligations, he was free to plan his future monopoly-for-loan transactions without a ticking clock. He had added to his track record of impressive returns for investors by giving American holders of gold debentures 5 percent more money than they expected, faster than they expected it. And he had demonstrated to Lee Higginson, and other bankers, that he was a sophisticated financier. The bankers were impressed by his new recapitalization technique.
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Frank Partnoy (The Match King: Ivar Kreuger and the Financial Scandal of the Century)
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For centuries European governments had granted monopolies on all kinds of production and trade to their loyal subjects. These weren’t gifts; the governments required payment in return, in the form of cash, interest, or a share of profits. These “fiscal monopolies” were an alternative to state control: industry remained in private hands, but governments received a steady stream of revenue, a kind of selective tax. The early fiscal monopolies included cigarettes, flax, gunpowder, liquor, petrol, playing cards, salt, and tobacco. For many countries, the tax revenues from fiscal monopolies were significant, as much as one-third or more of the overall government budget.1 France created one of the first match monopolies, in 1872, not long after the invention of strike-on-the-box Swedish matches. The transaction was straightforward: the French government simply leased the right to make and sell matches within France to a private corporation. Other countries soon followed France’s lead. Belgium, Bulgaria, Greece, Portugal, Romania, Serbia, and Spain all established fiscal match monopolies during the late nineteenth century.2 In France, when government officials finally realized how much money the private sector was earning from the match monopoly, they nationalized the industry. But elsewhere, the monopolies stuck.
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Frank Partnoy (The Match King: Ivar Kreuger and the Financial Scandal of the Century)
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Before 1922, the Spanish government had controlled the match monopoly, but still permitted Swedish Match to export matches to Spain. Then the government shifted course and signed a fifteen-year lease with a Spanish company, Compañia Arrendataria de Fosforos (CAF). It also began enforcing a decree that match interests could only be held by Spanish citizens or companies owned by Spanish citizens. From that time on, CAF would control all match production and sales within Spain. As a foreigner, Ivar was not permitted to own shares of CAF. But Ivar refused to be locked out of the Spanish market. He began buying shares of CAF through Spanish intermediaries, and even created a front company in Spain, Sociedad Financiera de la Industria Española (SAFIE).5 The share purchases were time-consuming and expensive, and even by 1924 he was a long way from taking control of the Spanish match market. SAFIE gave Ivar a presence, so that Swedish Match could make some money from exports to Spain, but a Spanish match monopoly seemed unlikely anytime soon. Like Germany and Italy, Spain would have to wait.
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Frank Partnoy (The Match King: Ivar Kreuger and the Financial Scandal of the Century)
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During Biden’s long period of flailing, I had feared that he had missed his chance to avert the worst consequence of climate change—and that another opportunity to protect the planet wouldn’t come around for years, after it was far too late. But then in the summer of 2022, Congress passed the Inflation Reduction Act, a banally named bill that will transform American life. Its investments in alternative energy will ignite the growth of industries that will wean the economy from its dependence on fossil fuels. That achievement was of a piece with the new economics that his presidency had begun to enshrine. Where the past generation of Democratic presidents was deferential to markets, reluctant to challenge monopoly, indifferent to unions, and generally encouraging of globalization, Biden went in a different direction. Through a series of bills—not just his investments in alternative energy, but also the CHIPS Act and his infrastructure bill—he erected a state that will function as an investment bank, spending money to catalyze favored industries to realize his vision, where the United States controls the commanding heights of the economy of the future. The critique of gerontocracy is that once politicians become senior citizens, they will only focus on the short term, because they will only inhabit the short term. But Biden, the oldest president in history, pushed for spending money on projects that might not come to fruition in his lifetime. His theory of the case—that democracy will succeed only if it delivers for its citizens—compelled him to push for expenditures on unglamorous but essential items such as electric vehicle charging systems, crumbling ports, and semiconductor plants, which will decarbonize the economy, employ the next generation of workers, and prevent national decline.
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Franklin Foer (The Last Politician: Inside Joe Biden's White House and the Struggle for America's Future)
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Only in a world where states regard themselves as Gods who are not accountable to The Truth would it be possible to create fiat money. And only in a world where they regard themselves as Gods with the sole right to violence and the power to excuse themselves from Truth of their own monstrous injustices could we understand how they create their monopoly money.
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Erik Cason (Cryptosovereignty: The Encrypted Political Philosophy of Bitcoin)
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The Modus Operandi of THE REGULUS CONCLAVE as spelled out in 1853!
“We hold such and such opinions upon one point only; and that one point is, mutual interest, and under that; 1st, that we can govern this nation; 2d, that to govern it, we must, subvert its institutions; and, 3d, subvert them we will! It is our interest; this is our only bond. Capital must have expansion. This hybrid republicanism saps the power of our great agent by its obstinate competition. We must demoralize the republic. We must make public virtue a by-word and a mockery, and private infamy to be honor. Beginning with the people, through our agents, we shall corrupt the State.
“We must pamper superstition, and pension energetic fanaticism—as on ’Change we degrade commercial honor, and make success the idol. We may fairly and reasonably calculate, that within a succeeding generation, even our theoretical schemes of republican subversion may be accomplished, and upon its ruins be erected that noble Oligarchy of caste and wealth for which we all conspire, as affording the only true protection to capital.
“Beside these general views, we may in a thousand other ways apply our combined capital to immediate advantage. We may buy up, through our agents, claims upon litigated estates, upon confiscated bonds, mortgages upon embarrassed property, land-claims, Government contracts, that have fallen into weak hands, and all those floating operations, constantly within hail, in which ready-money is eagerly grasped as the equivalent for enormous prospective gains.
“In addition, through our monopoly of the manufacturing interest, by a rigorous and impartial system of discipline, we shall soon be able to fill the masses of operators and producers with such distrust of each other, and fear of us, as to disintegrate their radical combinations, and bring them to our feet. Governing on ’Change, we rule in politics; governing in politics, we are the despots in trade; ruling in trade, we subjugate production; production conquered, we domineer over labor. This is the common-sense view of our interests—of the interests of capital, which we represent. In the promotion of this object, we appoint and pension our secret agents, who are everywhere on the lookout for our interests. We arrange correspondence, in cipher, throughout the civilized world; we pension our editors and our reporters; we bribe our legislators, and, last of all, we establish and pay our secret police, local, and travelling, whose business it is, not alone to report to us the conduct of agents already employed, but to find and report to us others, who may be useful in such capacity.
“We punish treachery by death!”
(from YIEGER'S CABINET or SPIRITUAL VAMPIRISM, published 1853)
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Charles Wilkins Webber
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In business, money is either an important thing or it is everything. Monopolists can afford to think about things other than making money; non-monopolists can’t. In perfect competition, a business is so focused on today’s margins that it can’t possibly plan for a long-term future. Only one thing can allow a business to transcend the daily brute struggle for survival: monopoly profits.
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Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
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Jane Austen is quite clear that both sexes must be allowed the full play of their moral autonomy and that a healthy society values equally the contributions each can make. Danger arises when the sex which has the monopoly of money and mobility assumes that the pick of the world's pleasures must be therefore theirs to plunder. Marianne, Fanny and Jane are unfortunate in being desired and trifled with by men who have been used all their lives to having their own way. That these women, of no feeble character any of them, should be crushed to the point where their only resource seems to be self-destruction, must be a reflection on their society and on those in whom its power resides.
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Maggie Lane (Jane Austen and Food)
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Here is Senator Russell in a colloquy on the Senate floor with Senator Proxmire: There is something about preparing for destruction that causes men to be more careless in spending money than they would be if they were building for constructive purposes. Why that is so I do not know; but I have observed, over a period of almost thirty years in the Senate, that there is something about buying arms with which to kill, to destroy, to wipe out cities, and to obliterate great transportation systems which causes men not to reckon the dollar cost as closely as they do when they think about proper housing and the care of the health of human beings.
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Paul A. Baran (Monopoly Capital)
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The cheapskates next door never succumbed to the wave of “debtor dementia” that has swept across America in recent generations. I define debtor dementia as “a semidelusional state commonly triggered by assuming a home mortgage or other large debt.” It’s the body’s way of protecting that portion of the human brain that deals with rational thinking. Because of the size and scope of the transaction, the dollars involved seem like Monopoly money and the idea that you’ll ever live to see the loan paid off seems like a fairy tale. Pretty soon, taking out a home equity loan or racking up a few grand on a credit card you can’t pay off seems to make perfect sense. As
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Jeff Yeager (The Cheapskate Next Door: The Surprising Secrets of Americans Living Happily Below Their Means)
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The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of the few under the guise of protecting and promoting the public interest.
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Anonymous
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The source and root of all monetary evil [is] the government monopoly on the issue and control of money. —Friedrich Hayek
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George Gilder (The Scandal of Money: Why Wall Street Recovers but the Economy Never Does)
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Have they ever. Isabel never misses a trick. Anytime I step into their foyer, she’s dropping hints all over the place. Don’t get me wrong because I love both women dearly, and I enjoy playing a game or two of Scrabble, just not on every visit. Why can’t we play Monopoly for a change of pace? I love squeezing the play money in my fist and snapping up the swanky properties like Park Place and Boardwalk.
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Ed Lynskey (The Ladybug Song (Isabel & Alma Trumbo #3))
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You may think that sending equipment hidden in a gift to prisoners is purely an invention of the movies, yet you might be surprised to learn it happened for real - and most likely in a more amazing way that you would expect. In the Second World War, Germany allowed the International Red Cross to send packages to POWs; amongst the items the Nazis permitted was a Monopoly set. With this in mind, Allied forces made special versions of the game that helped the prisoners to escape. German, French and Italian money was hidden amongst the standard Monopoly notes; a metal file was hidden within the board itself; a small compass could be found in one of the playing pieces and maps of the camp the prisoners were in were printed on silk and hidden inside the house and hotel pieces!
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Jack Goldstein (101 Amazing Facts)
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Monopolists can afford to think about things other than making money; non-monopolists can’t. In perfect competition, a business is so focused on today’s margins that it can’t possibly plan for a long-term future. Only one thing can allow a business to transcend the daily brute struggle for survival: monopoly profits.
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Peter Thiel (Zero to One: Notes on Start Ups, or How to Build the Future)
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That law that created the native corporations was the idea of tanik American corporations to undermine tribal integrity.” “What do you mean?” Bertie asks. “Everywhere else in the U.S., tribes have their own government, their own land, and their own money.” “They have a monopoly on casinos, you mean,” Bertie says cautiously. “Whatever it is. Our tribes in Alaska don’t have nothing. It’s the native corporations who have all the land and the money, and they’re the ones making decisions.” “But don’t you think they’re making decisions in the best interests of their shareholders, the native people?” “They’re just making money for their shareholders like any other corporation,” Mandy says. “And they hire taniks in Anchorage offices to carry out their business. They don’t care about whether people up here are taking their dividends and drinking them away. I hate to say it, but I got to agree with Luther. It’s a long, slow genocide, all done under the corporations’ laws.
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Elizaveta Ristrova (We In Pieces: Tales From Arctic Alaska)
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spirit of monopoly…the great enemy of Democracy…The passing events of the day show how immense a power is exercised by corporations. They are weapons in the hand of the Money Power, capable of being wielded with dreadful effect, in its warfare with the Producing Power.
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Adam Wasserman (A People's History of Florida 1513-1876: How Africans, Seminoles, Women, and Lower Class Whites Shaped the Sunshine State)
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Harl is a tenacious advocate for antitrust action against agribusiness, but he’s not optimistic that without pressure from consumers, the government will go after these huge monopolies that control our food. “There’s a huge amount of money and a lot of pressure applied whenever someone in Washington tries to do something about this,” he told me. “That pressure is applied in the form of messages like ‘Look, if you let this go on, we’re going to diminish our support for your campaign.’ When things get bad enough that consumers rise up, that’s when we’ll get another era of antitrust.” How much money is involved?
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Kristin Ohlson (The Soil Will Save Us: How Scientists, Farmers, and Foodies Are Healing the Soil to Save the Planet)
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When you think about the whole idea behind Monopoly—to take a little green house and cash it in for a much larger red hotel with more cash flow—you realize that Milton Bradley had it right!
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Bryan M. Chavis (Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market)
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Art is long. Life is short, but it deserves our attentive devotion. Embrace life. No person has a monopoly on wisdom. Despite the plethora of written books and e-books covering virtually every imaginable subject, advances in human knowledge and changes in the physical environment will cause recurrent alterations in the human condition that writers are uniquely able to express, explain, explicate, and elucidate. The complexities of human life demand humanistic persons to explore and offer guidance and solace to troubled souls. The world is not in the need of any more corporate entities devoted to milling money. What the world needs is writers, singers, poets, and philosophers whom can expand upon the universal desire to display an intense and absorbing respect for life and honor the principles of truthfulness and charity in human relations. I wish for every person to cull the lyrical prose from their stroll in the meadow of life and express the vivacity of their inner daemon in whatever artistic methodology stirs their imagination and voices their uniqueness. I call upon each person to use logic, intuition, and imagination to share all their adventures in this world of rocks and stones, earth and sky, sunshine and rain. Splash it out there for everyone to witness your appreciativeness of nature’s glory, verification of your meaningful existence demands that you settle for nothing less.
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Kilroy J. Oldster (Dead Toad Scrolls)
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however, the round trip was a very long one (fourteen months was in fact well below the average). It was also hazardous: of twenty-two ships that set sail in 1598, only a dozen returned safely. For these reasons, it made sense for merchants to pool their resources. By 1600 there were around six fledgling East India companies operating out of the major Dutch ports. However, in each case the entities had a limited term that was specified in advance – usually the expected duration of a voyage – after which the capital was repaid to investors.10 This business model could not suffice to build the permanent bases and fortifications that were clearly necessary if the Portuguese and their Spanish allies* were to be supplanted. Actuated as much by strategic calculations as by the profit motive, the Dutch States-General, the parliament of the United Provinces, therefore proposed to merge the existing companies into a single entity. The result was the United East India Company – the Vereenigde Nederlandsche Geoctroyeerde Oostindische Compagnie (United Dutch Chartered East India Company, or VOC for short), formally chartered in 1602 to enjoy a monopoly on all Dutch trade east of the Cape of Good Hope and west of the Straits of Magellan.11 The structure of the VOC was novel in a number of respects. True, like its predecessors, it was supposed to last for a fixed period, in this case twenty-one years; indeed, Article 7 of its charter stated that investors would be entitled to withdraw their money at the end of just ten years, when the first general balance was drawn up. But the scale of the enterprise was unprecedented. Subscription to the Company’s capital was open to all residents of the United Provinces and the charter set no upper limit on how much might be raised. Merchants, artisans and even servants rushed to acquire shares; in Amsterdam alone there were 1,143 subscribers, only eighty of whom invested more than 10,000 guilders, and 445 of whom invested less than 1,000. The amount raised, 6.45 million guilders, made the VOC much the biggest corporation of the era. The capital of its English rival, the East India Company, founded two years earlier, was just £68,373 – around 820,000 guilders – shared between a mere 219 subscribers.12 Because the VOC was a government-sponsored enterprise, every effort was made to overcome the rivalry between the different provinces (and particularly between Holland, the richest province, and Zeeland). The capital of the Company was divided (albeit unequally) between six regional chambers (Amsterdam, Zeeland, Enkhuizen, Delft, Hoorn and Rotterdam). The seventy directors (bewindhebbers), who were each substantial investors, were also distributed between these chambers. One of their roles was to appoint seventeen people to act as the Heeren XVII – the Seventeen Lords – as a kind of company board. Although Amsterdam accounted for 57.4 per cent of the VOC’s total capital, it nominated only eight out of the Seventeen Lords.
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Niall Ferguson (The Ascent of Money: A Financial History of the World)
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Consider the strategy of any typical early chartered corporation. In 1602, the Dutch Crown sanctioned the United East India Company to conquer territory and exploit resources in the Pacific. The Company’s scheme was to acquire lands in Indonesia by lending money to cultivators and then dispossessing them when they failed to make payments. This was made easier by trade policies that guaranteed the farmers’ failure. The Company got the Dutch to prohibit cultivation of the most profitable export crops—like cloves—on land not already under Dutch ownership. Loans failed, and more collateral in the form of land passed into Company hands. Indonesians lost access to the most fertile land, and were ultimately forced to buy their rice from United East India at the artificially inflated, monopoly-supported prices. The local economy was devastated as more land and labor were surrendered to the corporation. As
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Douglas Rushkoff (Life Inc.: How the World Became a Corporation and How to Take It Back)
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This group of capitalists has cornered and exploited the world’s resources and the staples required for civilized living; they have been able to do this because they have owned and controlled the world’s wealth through their interlocking directorates and have retained it in their own hands. They have made possible the vast differences existing between the very rich and the very poor; they love money and the power which money gives; they have stood behind governments and politicians; they have controlled the electorate; they have made possible the narrow nationalistic aims of selfish politics; they have financed the world businesses and controlled oil, coal, power, light and transportation; they control publicly or sub rosa the world’s banking accounts.
The responsibility for the widespread misery to be found today in every country in the world lies predominantly at the door of certain major interrelated groups of business-men, bankers, executives of international cartels, monopolies, trusts and organizations and directors of huge corporations who work for corporate or personal gain.
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Alice A. Bailey (Problems of Humanity)
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Many scholars understand the NCAA as a cartel,” court of appeals judge Frank Easterbrook wrote, allowing that Walters was a “nasty and untrustworthy fellow” but pointing out that reality didn’t exempt college sports from legal scrutiny. “The NCAA depresses athletes’ income—restricting payments to the value of tuition, room, and board, while receiving services of substantially greater worth. The NCAA treats this as desirable preservation of amateur sports; a more jaundiced eye would see it as the use of monopsony power to obtain athletes’ services for less than their competitive value.” The word monopsony said it all: the term describes monopoly powers on the buyer side of the market. In this case, the NCAA was the lone competitor for the purchase of the players’ services, contriving to leave young athletes—many of them Black—like sharecroppers on a plantation, only able to sell their yields to the landowner and compensated in goods sold at the landowner’s store in the form of scholarships.
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Guy Lawson (Hot Dog Money: Inside the Biggest Scandal in the History of College Sports)
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According to Amy Goodman, Gates owns investments in sixty-nine of the world’s worst-polluting companies.203 His single-minded obsession with vaccines seems to serve his impulse to monetize his charity and to achieve monopoly control over global public health policy. His strategies and corporate alliances in the food, public health, and education sectors may also reflect messianic conviction that he is ordained to save the world with technology, top-down centralized cookie-cutter solutions to complex human problems, and a godlike willingness to experiment with the lives of lesser humans. And Gates’s vaccine cartel has amassed Midas-like riches. Early in 2021, a TV interviewer, Becky Quick, observed that Gates had spent $10 billion on vaccines over the past two decades and asked Gates, “You’ve figured out the return on investment for that and it kind of stunned me. Can you walk us through the math?” Gates responded: “We see a phenomenal track record . . . there’s been over a 20-to-1 return. So if you just looked at the economic benefits, that’s a pretty strong number.” The interviewer pressed him: “If you had put that money into an S&P 500 and reinvested the dividends, you’d come up with something like $17 billion dollars, but you think it’s $200 billion dollars.” Gates continued: “Here, yeah,” hastening to add that “helping young children live, get the right nutrition, contribute to their countries, that has a payback that goes beyond any typical financial return.”204 The key to it all, he added, is “Having that big portfolio.” And the key to much of that portfolio is having Anthony Fauci.
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Robert F. Kennedy Jr. (The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health)
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The global expansion of commerce and trade which began in the Middle Ages and accelerated from the late fifteenth century onwards raised many moral questions for merchants in Christian Europe. What, for instance, constituted a just price? Were money markets permissible? Was it legitimate for the state to give one merchant or a business a monopoly on a given product or type of industry? Many commercial traders, anxious about their salvation, turned to their confessors for guidance.
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Samuel Gregg (The Essential Natural Law (Essential Scholars))
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Ingenious and original as Fibonacci’s exercises were, if the book had dealt only with theory it would probably not have attracted much attention beyond a small circle of mathematical cognoscenti. It commanded an enthusiastic following, however, because Fibonacci filled it with practical applications. For example, he described and illustrated many innovations that the new numbers made possible in commercial bookkeeping, such as figuring profit margins, money-changing, conversions of weights and measures, and—though usury was still prohibited in many places—he even included calculations of interest payments. Liber Abaci provided just the kind of stimulation that a man as brilliant and creative as the Emperor Frederick would be sure to enjoy. Though Frederick, who ruled from 1211 to 1250, exhibited cruelty and an obsession with earthly power, he was genuinely interested in science, the arts, and the philosophy of government. In Sicily, he destroyed all the private garrisons and feudal castles, taxed the clergy, and banned them from civil office. He also set up an expert bureaucracy, abolished internal tolls, removed all regulations inhibiting imports, and shut down the state monopolies. Frederick tolerated no rivals. Unlike his grandfather, Frederick Barbarossa, who was humbled by the Pope at the Battle of Legnano in 1176, this Frederick reveled in his endless battles with the papacy. His intransigence brought him not just one excommunication, but two. On the second occasion, Pope Gregory IX called for Frederick to be deposed, characterizing him as a heretic, rake, and anti-Christ. Frederick responded with a savage attack on papal territory; meanwhile his fleet captured a large delegation of prelates on their way to Rome to join the synod that had been called to remove him from power.
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Peter L. Bernstein (Against the Gods: The Remarkable Story of Risk)
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The distribution of income in a society is called the 'Gini coefficient,' named after an Italian sociologist named Corrado Gini, who published a paper on the topic in 1912. A society where one person earns all the money and everyone else earns none, effectively has a Gini coefficient of 1.0; and a society where everyone earns the same amount has a coefficient of zero. Neither is desirable. Moderate differences in income motivate people because they have a reasonable chance of bettering their circumstances, and extreme differences discourage people because their efforts look futile. A study of 21 small-scale societies around the world found that hunter-gatherers like the Hadza—who presumably represent the most efficient possible system for survival in a hostile environment—have Gini coefficients as low as .25. In other words, they are far closer to absolute income equality than to absolute monopoly. Because oppression from one's own leaders is as common a threat as oppression from one's enemies, Gini coefficients are one reliable measure of freedom. Hunter-gatherer societies are not democracies—and many hold women in subordinate family roles—but the relationship between those families and their leaders is almost impervious to exploitation. In that sense, they are freer than virtually all modern societies. According to multiple sources, including the Congressional Budget Office, the United States has one of the highest Gini coefficients of the developed world, .42, which puts it at roughly the level of Ancient Rome. (Before taxes, the American Gini coefficient is even higher—almost .6—which is on par with deeply corrupt countries like Haiti, Namibia, and Botswana.) Moreover, the wealth gap between America's richest and poorest families has doubled since 1989. Globally, the situation is even more extreme: several dozen extremely rich people control as much wealth as the bottom half of humanity—3.8 billion people.
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Sebastian Junger (Freedom)
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The Monopoly experiment wasn’t the most rigorous science ever, and Piff never published it—although the study was later replicated by others and used in his popular TED Talk, “Does Money Make You Mean?” But his observations were consistent with a large and growing body of work by Piff and various colleagues. Inside and outside the lab, in a host of experiments deploying a multitude of setups, these researchers have found that people of higher socioeconomic status, compared with those lower down the ladder, are more self-oriented and less attuned to the needs of others. They are more willing to behave unethically in their own self-interest: to lie during negotiations, misreport the results of a dice game that results in a prize, or express willingness to steal from an employer—pilfering food from a restaurant where they work, for instance, or taking a ream of office paper for home use. “Lower-class” participants proved equally willing to do such things only when the goal was to help someone else, such as swiping the restaurant food for a hungry friend.
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Michael Mechanic (Jackpot: How the Super-Rich Really Live—and How Their Wealth Harms Us All)
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This struck me as a pretty basic misunderstanding of the way capitalism works—as does, in fact, the whole notion of a nurturing “ecosystem” dedicated to “mentoring” and “incubating” other people’s precious startups. (It’s a basic misunderstanding of ecology, too, but we will let that pass.) Other than the chance to make some money, why would a capitalist participate in such a thing? If startups really were to encourage other startups, they would be contributing pretty directly to their own competition—and robust competition is precisely what today’s thinking business person wants to avoid. The winning quality today is monopoly, not competition. But this is not a literature given to subtlety or introspection. As the tech writer Evgeny Morozov points out in To Save Everything, Click Here, the cult of innovation holds every info-age novelty to be “inherently good in itself, regardless of its social or political consequences.” Sure enough, as far as I have been able to determine, few of the people who write or talk about innovation even acknowledge the possibility that innovations might be harmful instead of noble and productive. And yet recent history is littered with exactly such stuff: Innovations that allow companies to spy on us. Innovations that allow terrorist groups to recruit online. Innovations that allowed Enron to do all the fine things it used to do. Come to think of it, the whole economic debacle of the last ten years owes its existence to the financial innovations of the Nineties and the Aughts—the credit default swaps, or the algorithms companies used to hand out mortgage loans—innovations that were celebrated in their day in the same mindlessly positive way we celebrate tech today.
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Thomas Frank (Listen, Liberal: Or, What Ever Happened to the Party of the People?)