Robert Lee Henry Quotes


These great forces are in such combination and agreement that it is well-nigh impossible for honest competition to be set up against them.


Citations

Robert Lee Henry, 1864-1931, U. S. Congressman (Democrat, TX), Criticism of the monopolies of the time after a House Banking Committee investigation, 1912

Sourced by: Eigen's Political and Historical Quotations

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One irony that some critics of Murdoch’s enterprises make is that despite his personal views about monopoly his businesses try to attain and maintain monopoly status whenever it can.


Here, an officer of a large corporation (Pittsburgh Plate Glass) makes the classic argument of large corporations about the anti-trust laws which prevent them from using their economic power to crush competition. The claim that the large corporations are at a disadvantage and handicapped in competing with small companies is easily refuted by the bankruptcy rate of small businesses which is large, and that of large corporations which is very small, and that of major monopolies which is virtually zero.


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.


At the time, the Chamber of Commerce represented the small and medium business which were being decimated by the large businesses and their monopolies. A century later, the Chamber became a creature of the large business and their money and by 2010, the Chamber had virtually become the representative of the large businesses outside of the high technology field and had become a campaigning arm of the Republican Party, In 1880 however, they called public attention to the abuses of the large corporate monopolies.


Robert Lee Henry
Robert Lee Henry
  • Born: May 12, 1864
  • Died: July 9, 1931
  • Nationality:
  • Profession:

Robert Lee Henry was a Democratic member of the United States House of Representatives from Texas from 1897 to 1917.