asked 58.8k views
0 votes
What did the chicago tribune mean when it warned "liberty and monopoly cannot live together"?

2 Answers

2 votes

The Chicago Tribune saw monopoly and liberty as incompatible. The justification had many different reasons. First of all, by definition, a monopoly controls all of the market of a particular industry. This means that other business that want to compete with monopolies are unable to do so. Therefore, the liberty of entrepreneurs and innovators is compromised. Moreover, the fact that customers can only buy from a single supplier means that their liberty is compromised as well.

answered
User Maninak
by
8.4k points
3 votes
I believe that the tribune was concerned that monopolies would not worry about making advances, keeping prices low, or looking out for the best interests of the nation's citizens. Monopolies make the rich more rich while oppressing the poor. Those wealthy monopolies/trusts might use their power to corrupt the system.
answered
User Ricmarchao
by
8.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.