The classic Market Anarchist take on corporate power and the political privileges that prop it up — Benjamin Tucker’s talk at the Conference on Trusts by the Chicago Civic Federation in September 1899.
The trusts, instead of growing out of competition, as is so generally supposed, have been made possible only by the absence of competition, only by the difficulty of competition, only by the obstacles placed in the way of competition . . . by those arbitrary limitations of competition which we find in those lawcreated privileges and monopolies . . . . The trusts owe their power to vast accumulation and concentration of wealth . . . But for interest, rent, and monopolistic profit . . . trusts would be impossible. Now, what causes interest, rent, and monopolistic profit? For all there is but one cause, – the denial of liberty, the suppression or restriction of competition, the legal creation of monopolies. . . .
Free access to the world of matter, abolishing land monopoly; free access to the world of mind, abolishing idea monopoly; free access to an untaxed and unprivileged market, abolishing tariff monopoly and money monopoly, – secure these, and all the rest shall be added unto you. For liberty is the remedy of every social evil, and to Anarchy the world must look at last for any enduring guarantee of social order.
Introduced July 2011.