But monopoly, like competition, becomes anti-social and disastrous: how does this happen? By ABUSE, reply the economists. And it is to defining and repressing the abuses of monopoly that the magistrates apply themselves; it is in denouncing them that the new school of economists glories.
We shall show that the so-called abuses of monopoly are only the effects of the development, in a NEGATIVE sense, of legal monopoly; that they cannot be separated from their principle without ruining this principle; consequently, that they are inaccessible to the law, and that all repression in this direction is arbitrary and unjust. So that monopoly, the constitutive principle of society and the condition of wealth, is at the same time and in the same degree a principle of spoliation and pauperism; that, the more good it is made to produce, the more evil is received from it; that without it progress comes to a standstill, and that with it labor becomes stationary and civilization disappears.
% 1.—Necessity of monopoly.
Thus monopoly is the inevitable end of competition, which engenders it by a continual denial of itself: this generation of monopoly is already its justification. For, since competition is inherent in society as motion is in living beings, monopoly which comes in its train, which is its object and its end, and without which competition would not have been accepted,—monopoly is and will remain legitimate as long as competition, as long as mechanical processes and industrial combinations, as long, in fact, as the division of labor and the constitution of values shall be necessities and laws.
Therefore by the single fact of its logical generation monopoly is justified. Nevertheless this justification would seem of little force and would end only in a more energetic rejection of competition than ever, if monopoly could not in turn posit itself by itself and as a principle.
In the preceding chapters we have seen that division of labor is the specification of the workman considered especially as intelligence; that the creation of machinery and the organization of the workshop express his liberty; and that, by competition, man, or intelligent liberty, enters into action. Now, monopoly is the expression of victorious liberty, the prize of the struggle, the glorification of genius; it is the strongest stimulant of all the steps in progress taken since the beginning of the world: so true is this that, as we said just now, society, which cannot exist with it, would not have been formed without it.
Where, then, does monopoly get this singular virtue, which the etymology of the word and the vulgar aspect of the thing would never lead us to suspect?
Monopoly is at bottom simply the autocracy of man over himself: it is the dictatorial right accorded by nature to every producer of using his faculties as he pleases, of giving free play to his thought in whatever direction it prefers, of speculating, in such specialty as he may please to choose, with all the power of his resources, of disposing sovereignly of the instruments which he has created and of the capital accumulated by his economy for any enterprise the risks of which he may see fit to accept on the express condition of enjoying alone the fruits of his discovery and the profits of his venture.
This right belongs so thoroughly to the essence of liberty that to deny it is to mutilate man in his body, in his soul, and in the exercise of his faculties, and society, which progresses only by the free initiative of individuals, soon lacking explorers, finds itself arrested in its onward march.
It is time to give body to all these ideas by the testimony of facts.