Quote #146 There Were In This Country Two Very Large Monopolies.

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Quote #146

There were in this country two very large monopolies. The larger of the two
had the following record: the Vietnam War, Watergate, double- digit
inflation, fuel and energy shortages, bankrupt airlines, and the 8-cent
postcard. The second was responsible for such things as the transistor, the
solar cell, lasers, synthetic crystals, high fidelity stereo recording,
sound motion pictures, radio astronomy, negative feedback, magnetic tape,
magnetic "bubbles", electronic switching systems, microwave radio and TV
relay systems, information theory, the first electrical digital computer,
and the first communications satellite. Guess which one got to tell the
other how to run the telephone business?

-- -- anonymous fortune