Monopolists as champions of the consumer

Zitat des Monats [aus OAN]

Here in Washington, there is nothing more amusing than watching business interests work themselves up into a righteous frenzy over a threat to their monopoly profits from a new technology or some upstart with a different business model. Invariably, the monopolists (or their first cousins, the oligopolists) try to present themselves as champions of the consumer, or defenders of a level playing field, as if they hadn’t become ridiculously rich by sticking it to consumers and enjoying years in which the playing field was tilted to their advantage.

Steven Pearlstein is the Washington Post business columnist. From his column for July 19.

Peter Suber fügt hinzu: Actually, he’s writing about music.