Hillary Clinton Quotes
With less competition, corporations can use their power to raise prices, limit choice for consumers, cut wages for workers, crowd out start-ups and small businesses.
Clinton, Hillary. "Remarks on the Economy in Toledo, Ohio." Toledo, OH, 3 Oct. 2016. The American Presidency Project, UC Santa Barbara.
The only previous source of light in America had been whale oil or candles—both very expensive. Oil was discovered in Pennsylvania and refinery techniques developed to produce Kerosene. (Gasoline was too explosive and dangerous for home use.) Everyone’s standard of living depended on Kerosene at the time and John D. Rockefeller controlled the price everywhere except New York. There were no monopoly or antitrust laws when he gobbled up his competitors and he rapidly became the richest man in America and one of the most hated. His abuse of the system at the time led to the government regulation of monopolies and the antitrust laws. It was very courageous for the Atlantic Monthly to publish this article, as Rockefeller’s power extended all over the nation—but less in New York where the magazine was published.
At the time, there was generally only a single newspaper in an area in New Zealand.
This is an important quotation because Ellison, one of the best businessmen in the world is also much more candid than most others. Here he admits that he strives to achieve monopoly status for his company. Almost all large businesses try to become monopolies so that they do not have to compete on price, quality, and service. Few will admit publicly that much of their effort goes towards an objective that is detrimental to the nation and society and in is in large part illegal.
Hillary Diane Rodham Clinton is an American politician, diplomat, lawyer, writer, and public speaker who served as the 67th United States secretary of state from 2009 to 2013, as a United States senator from New York from 2001 to 2009, and as First Lady of the United States from 1993 to 2001. Clinton became the first woman to be nominated for president of the United States by a major political party when she won the Democratic Party nomination in 2016. She was the first woman to win the popular vote in an American presidential election; however, she failed to win the Electoral College.
