Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.
Meaning of the quote
This quote is saying that some very smart business owners figured out that having no competition and being the only company in a market is better for making money than having lots of other companies competing with them. So they worked hard to make themselves the only option for customers, even if that meant getting rid of all their competitors.
About Mario Puzo
Mario Puzo was an American author and screenwriter best known for his crime novels about the Italian-American Mafia, especially The Godfather. He won two Academy Awards for adapting his own work into acclaimed films directed by Francis Ford Coppola.
More quotes from Mario Puzo
Finance is a gun. Politics is knowing when to pull the trigger.
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I have always believed helping your fellow man is profitable in every sense, personally and bottom line.
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I believe in America. America’s made my fortune.
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Even the strongest man needs friends.
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He was a degenerate gambler. That is, a man who gambled simply to gamble and must lose. As a hero who goes to war must die. Show me a gambler and I’ll show you a loser, show me a hero and I’ll show you a corpse.
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Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.
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Never hate your enemies. It affects your judgment.
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The only wealth in this world is children, more than all the money, power on earth.
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A lawyer with his briefcase can steal more than a hundred men with guns.
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Friendship and money: oil and water.
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What we think of as our sensitivity is only the higher evolution of terror in a poor dumb beast. We suffer for nothing. Our own death wish is our only real tragedy.
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