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The great danger to the consumer is the monopoly -whether private or governmental. his most effective protection is free competition at home and free trade throughout the world. the consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. alternative sources of supply protect the consumer far more effectively than all the ralph naders of the world.

-Milton Friedman

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The Great Danger To The Consumer Is

Milton Friedman

The great danger to the consumer is the monopoly -whether private or governmental. his most effective protection is free competition at home and free trade throughout the world. the consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. alternative sources of supply protect the consumer far more effectively than all the ralph naders of the world.

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    <p style="font-size: 1.2rem; font-style: italic; margin-bottom: 10px;">"the great danger to the consumer is the monopoly -whether private or governmental. his most effective protection is free competition at home and free trade throughout the world. the consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. alternative sources of supply protect the consumer far more effectively than all the ralph naders of the world."</p>
    <footer style="font-size: 1rem; font-weight: bold;">— Milton Friedman</footer>
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Home Competition Alternatives

More From Milton Friedman

Because god is not only infinitely greater and more excellent than all other being, but he is the head of the universal system of existence; the foundation and fountain of all being and all beauty; from whom all is perfectly derived, and on whom all is most absolutely and perfectly dependent; of whom, and through whom, and to whom is all being and all perfection; and whose being and beauty are, as it were, the sum and comprehension of all existence and excellence: much more than the sun is the fountain and summary comprehension of all the light and brightness of the day.

[t]he crucial question is not, as so many believe, whether property rights should be private or governmental, but rather whether the necessarily 'private' owners are legitimate owners or criminals. for ultimately, there is no entity called 'government'; there are only people forming themselves into groups called 'governments' and acting in a 'governmental' manner. all property is therefore always 'private'; the only and critical question is whether it should reside in the hands of criminals or of the proper and legitimate owners.

Let me have my tax money go for my protection and not for my prosecution. let my tax money go for the protection of me. protect my home, protect my streets, protect my car, protect my life, protect my property...worry about becoming a human being and not about how you can prevent others from enjoying their lives because of your own inability to adjust to life.

Monopolies are not justified by theory; they should be permitted only when justified by facts. if there is no solid basis for extending a certain monopoly protection, then we should not extend that protection. this does not mean that every copyright must prove its value initially. that would be a far too cumbersome system of control. but it does mean that every system or category of copyright or patent should prove its worth. before the monopoly should be permitted, there must be reason to believe it will do some good -- for society, and not just for monopoly holders.

But suppose, for the sake of argument, free competition, without any sort of monopoly, would develop capitalism trade more rapidly. is it not a fact that the more rapidly trade and capitalism develop, the greater is the concentration of production and capital which gives rise to monopoly?

I was quite intimidated by ralph fiennes. i didn't really talk to him while i was doing harry potter and the goblet of fire and the only thing i did with him was when he stepped on my head. then i went to this play and he was there. and this girl said, “you've worked with ralph fiennes haven't you, robert?” and i was like, “well, no...” and ralph said, “yes, i stepped on your head.” and that was the extent of our conversation.

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