The Godfather's Monopoly
14th Nov 2006, 07:01 GMT
In the late Mario Puzo’s classic novel “The Godfather”, the author explains a young Vito Corleone’s use of violence to eliminate his competitors in the olive oil business as follows: “Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient.” Of course this isn’t true. Corleone obtained his monopoly, but only through an elaborate network of government payoffs and layers of redundant security designed to prevent assassination. Even that didn’t prevent Corleone from being shot by a rival syndicate after his driver took a payoff. This hardly sounds like a model of efficiency.
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