Ayn Rand Quotes
Every coercive monopoly was created by government intervention into the economy: by special privileges, such as franchises or subsidies, which closed the entry of competitors into a given field, by legislative action.
Ayn Rand, 1905-1982, Writer & Philosopher, The Voice of Reason, 1989
Sourced by: Eigen's Political and Historical Quotations
Professor Epstein is a libertarian free market economist who advocates patience even if there are clear problems like corruption, unsafe working conditions, and the like. This view holds that the free market will sort itself out more effectively than the government will be able to do. Others, disagree.
This volume roughly is to Islam what the Gospels are to Christianity. To most Muslims The Sunnah is a collection of holy material on the life of Mohammed. It is not of the force or importance as the Koran, but it is revered.
Draft language is sometimes attributed to Senator George F. Hoar.
Here, an officer of a large corporation (Pittsburgh Plate Glass) makes the classic argument of large corporations about the anti-trust laws which prevent them from using their economic power to crush competition. The claim that the large corporations are at a disadvantage and handicapped in competing with small companies is easily refuted by the bankruptcy rate of small businesses which is large, and that of large corporations which is very small, and that of major monopolies which is virtually zero.
Macdarland’s role was the equivalent of the Mayor of Washington DC. As an ally and apologist for McKinley, he felt that the President was doing the best he could to deal with the monopolies who were then keeping competitive capitalism from functioning properly. Vice President Theodore Roosevelt thought McKinley weak and vacillating especially on the “trusts”, and when he assumed the Presidency, he accomplished much more. TR however did not discover the Trust problem. As this quotation shows, there was general political awareness amongst the politicians of the day of the Trust/Monopoly problem in America. It was Roosevelt who did something about it to the distress of many of his own party leaders who had previously intimidated McKinley into inaction.
Ayn Rand was a Russian-American writer and philosopher. She is known for her two best-selling novels, The Fountainhead and Atlas Shrugged, and for developing a philosophical system she named Objectivism. Born and educated in Russia, she moved to the United States in 1926. She had a play produced on Broadway in 1935 and 1936. After two early novels that were initially unsuccessful, she achieved fame with her 1943 novel, The Fountainhead. In 1957, Rand published her best-known work, the novel Atlas Shrugged. Afterward, she turned to non-fiction to promote her philosophy, publishing her own periodicals and releasing several collections of essays until her death in 1982.
