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

— John Kenneth Galbraith , book The New Industrial State

Source: The New Industrial State (1967), Chapter XVI, Section 2, p. 182

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John Kenneth Galbraith 207

American economist and diplomat 1908–2006

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

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John Kenneth Galbraith 207

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