Portable Wisdom

A Completely Free Market

In a completely free market, unsupervised by kings and priests, avaricious capitalists can establish monopolies or collude against their workforces. If there is a single corporation controlling all shoe factories in a country, or if all factory owners conspire to reduce wages simultaneously, then the labourers are no longer able to protect themselves by switching jobs.

Yuval Noah Harari, 2015

From the book Sapiens: A Brief History of Humankind

© 2015 Yuval Noah Harari

(If you're open to chance, view a random quotation.)