17 Pages

is sooner or

Here it should be noted that a monopolistic system of prices is by no means the worst; if we assume that there is only one or at most a few monopolies in the whole market. If, however, many branches of production become monopolized or trustified, it would ultimately become aimless for them to raise their prices against each other ; they would have to seek their profitapart from a certain technical advantage lying in combination —in more or less common action by which the prices of those factors of production not in their own possession (and especially the wages of labour) would be forced down, or at least be prevented from rising. The State has not, at least up to the present, been in a position to react against this procedure.