As someone wrote a century ago - "Monopoly, it inevitably engenders a tendency of stagnation and decay...the motive cause of technical and, consequently, of all

As someone wrote a century ago - "Monopoly, it inevitably engenders a tendency of stagnation and decay...the motive cause of technical and, consequently, of all other progress disappears to a certain extent and, further, the economic possibility arises of deliberately retarding technical progress. For instance, in America, a certain Owens invented a machine which revolutionised the manufacture of bottles. The German bottle-manufacturing cartel purchased Owens's patent, but pigeon-holed it, refrained from utilising it."