analyze and describe your thoughts from the given passage below.
The growing monopoly of the production of goods, and of their transport and distribution through retail trades, is familiar to everyone. We have seen how unrestricted competition, followed by mergers, puts these affairs into fewer and fewer hands.
Consider the social effects of this:
(1) It makes the total goods available arbitrary in amount, that amount being dependent upon the interest or calculations of a few controllers. Suppose an extreme case that has no actual existence, but illustrates the principle. Suppose one man in a community of 1,000,000 men controlled all the land and all the capital: that is, the machinery and the reserves of seed, food, clothing, housing, etc.
It might not be to his advantage or caprice to set men to work save for satisfying his own needs. He could not set most of them to work, to his advantage, though he might do so out of a desire for the public good. But, it may be said, he would want to sell the goods which he ordered to be produced. Whom would he sell them to? He might try to sell them abroad, with increasing difficulty because nations are more and more keeping out foreign goods. If he sells them to his own destitute dependents they can only pay with such sums as he doles out to them.
I say this is only an imaginary condition. But the smaller the number of people who control production, the nearer you get in reality to this state of things.