I talked about the barriers created by monopolies. I said that it was the role of government to break up these monopolies and that we couldn’t do it alone.

Joichi Ito

 

The Quote in Other Words

During my discussion, I addressed the obstacles that monopolies create and emphasized that it is the responsibility of the government to dismantle them, as we cannot accomplish this task independently.

 

Explanation of the Quote

This quote highlights the importance of government intervention in breaking up monopolies. Monopolies can create barriers to entry for new businesses, limit competition, and ultimately harm consumers by driving up prices and reducing innovation. The speaker recognizes that breaking up monopolies is not something that can be achieved by individuals or small businesses alone, but requires the power and resources of the government.

However, it is important to note that breaking up monopolies is not a simple task. It requires careful consideration of the potential consequences and a thorough understanding of the industry in question. Additionally, there may be resistance from the monopolies themselves, as well as from those who benefit from their existence. Nevertheless, the benefits of breaking up monopolies can be significant, leading to increased competition, innovation, and ultimately, a better market for consumers.