Danny K. Davis Quotes
To ensure fair competition, there must be effective controls on currency manipulation, and monopoly pricing needs to be outlawed on such items as intellectual property, especially pharmaceuticals.
United States, Congress, House. Representative Davis speaking on Trade and Currency. Congressional Record, Government Printing Office.
Brandeis was U. S. Supreme Court Justice Louis D. Brandeis, 1856-1941, who wrote that competition would control prices if only healthy competition could be maintained—the problem was resolved by both increasing competition and much more stringent regulation of corporations.
This would seem a much easier solution to the problem of monopoly holders charging outrageous prices than trying to fix profits or lay a large tax on the profits. However, few governments ever do this. In many cases the patent holders control or heavily influence the government. There is in addition, in most Judeo-Christian societies an assumption that most people have a moral sense and will not take undue advantage of customers just because they have the power to do so. And in the most egregious cases of monopoly pricing there were many other patents where the inventors were not gouging the consumers. It is always been the minority of businesses that have taken gross advantage of patent monopolies. However at some periods, where there was an oligarchy, all the companies in an area abused their patent monopolies together. An example would be the pharmaceutical industry of the early 21st century.
Daniel K. Davis is an American politician who is the U.S. Representative from Illinois's 7th congressional district, elected in 1996. The district serves much of western Chicago, including the Loop. It also includes several of Chicago's inner western suburbs, such as Bellwood, Oak Park, and River Forest. Davis is a Democrat, a member of the Congressional Black Caucus, and is also one of five members of the Democratic Socialists of America (DSA) serving in Congress. Davis was one of 31 U.S. Representatives who voted against counting the electoral votes from Ohio in the 2004 presidential election.
