If in both these trades they should succeed, so as to exclude those who trade on natural and private capitals, then they will have a monopoly in their hands, which, under the appearance of a monopoly of capital, will, in reality, be a monopoly of authority, and will ruin whatever it touches.
Edmund Burke: “If in both these trades they should succeed, so as to exclude those who trade on natural and private capitals, then they…”
Editor's note · Context
Burke warns that monopolistic practices by the government can undermine natural trade and authority, leading to detrimental outcomes.
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