Worth Noting

“For centuries before the electricity industry developed, monopolies had thrived as a fact of life. Since ancient times, state or monarchial monopolies defined the very outlines of wealth and power. The ancient pharoahs of Egypt controlled its mines and minerals. The kings of England established monopolistic reins over a natural resource as basic as wood. The private guilds of medieval England were granted monopolies over any number of simple commodities from grappling hooks to bread to beer. The Hostmen of Newcastle’s coal extended the concept of energy monopoly from regal control to private merchants, placing a nation at their mercy.”

— Edwin Black, Internal

Combustion, 2006

 

 

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