• Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

    John Kenneth Galbraith: Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.
    John Kenneth Galbraith (2015). “The New Industrial State”, p.226, Princeton University Press