Bonus Quotation of the Day…

by Don Boudreaux on October 5, 2020

in Competition, Myths and Fallacies

… is from page 51 of Kristian Niemietz’s superb 2019 book, Socialism: The Failed Idea That Never Dies (original emphasis):

The idea that business owners are all in cahoots with one another, and act as one, is a socialist fantasy. Business owners compete with each other – often fiercely so. This greatly limits whatever ‘power’ any of them may wield.

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