Meaning: The quote "Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly." by Mario Puzo, the renowned novelist, delves into the concept of competition, efficiency, and the pursuit of monopoly in business. This quote reflects the perspective of a shrewd businessman who recognizes the inefficiencies of free competition and aims to establish a dominant position in the market.

In this quote, the term "businessmen of genius" suggests individuals who possess exceptional business acumen and strategic thinking. They are depicted as being astute and perceptive, capable of discerning the most effective and lucrative paths for their enterprises. The notion that "free competition was wasteful" underscores the idea that unrestrained competition can lead to inefficiencies, excessive duplication of resources, and a lack of coordination, ultimately resulting in a squandering of potential profits and opportunities.

Conversely, the assertion that "monopoly [is] efficient" highlights the perceived benefits of monopolistic control. Monopoly, in this context, refers to a situation in which a single entity dominates a particular market or industry, exerting significant influence and often enjoying a position of unparalleled power. From the perspective of the businessman in question, the consolidation of power and market control offers the potential for streamlined operations, increased profitability, and enhanced strategic leverage.

The phrase "he simply set about achieving that efficient monopoly" encapsulates the proactive and resolute nature of the businessman's pursuit. It conveys a sense of purposeful intent and strategic determination, emphasizing the deliberate actions taken to attain a position of dominance in the market. This portrayal aligns with the archetype of the savvy and ambitious entrepreneur who is driven to secure a competitive advantage and maximize the efficiency and profitability of their business endeavors.

Mario Puzo, the author of the quote, was best known for his novel "The Godfather," which delved into the intricate dynamics of power, influence, and ambition within the context of organized crime. Puzo's exploration of these themes in his writing often offered insightful commentary on the nature of business, competition, and the pursuit of dominance. Through his characters and narratives, Puzo delved into the complexities of human behavior and the relentless pursuit of power and control, shedding light on the motivations and actions of individuals driven by ambition and the quest for supremacy.

In the broader context of business and economics, the quote resonates with the ongoing debate surrounding competition, monopolies, and market regulation. It raises fundamental questions about the optimal balance between competition and consolidation, the potential trade-offs between efficiency and diversity, and the implications of concentrated market power. The tension between the virtues of competition and the allure of monopoly remains a subject of enduring relevance and controversy in the realms of economics, business strategy, and public policy.

Overall, Mario Puzo's quote offers a thought-provoking reflection on the strategic mindset of astute businessmen, the dynamics of competition and monopoly, and the compelling drive to achieve dominance in the marketplace. It invites contemplation on the complexities of economic competition, the pursuit of efficiency, and the enduring allure of monopolistic control in the realm of business and commerce.