The ending of this article reminded me of Peter Thiel's article "Competition is for Losers" http://www.wsj.com/articles/peter-thiel-competition-is-for-losers-14

The ending of this article reminded me of Peter Thiel's article "Competition is for Losers" http://www.wsj.com/articles/peter-thiel-competition-is-for-losers-1410535536 http://www.wsj.com/articles/peter-thiel-competition-is-for-l... Peter Thiel's article is really well researched but his conclusions about monopolies are wrong and dangerous. Monopolies are terrible for society - Monopolies allow companies to enforce arbitrary rules which everyone must follow with no means of escape (it's essentially a total dictatorship). If you got fired from such a company, where else would you work? The CEO could literally just rape anyone they wanted and no one would be able to speak up. Worse than that; the media will probably tell you that it's actually an honour and you should be thankful! What sort of world is that? Then he uses past history - The fact that monopolistic companies like Google tend to encourage and reward innovation as an example of why monopolies are good but he completely omits the fact that Sergey and Larry were raised in a highly competitive environment (and that's why Google is like this). Wait a few generations and you're going to see the elite 'inheriting' class develop into a generation of spoiled entitled brats who have no interest for innovation because they're too busy having fun. It sounds like Peter Thiel wants to turn Facebook into a mega-corporation to take over the world. He has a very black-and-white view of the world which I find really dangerous. He thinks that there is one correct way to do things and that this way is always correct. The biggest problem is that as soon as you allow a corporation to get a world-dominating monopoly, there will be NO WAY OUT - That corporation will always have the power to manipulate the media and keep everyone locked in their places - There will be NO GOING BACK. Peter Thiel severely underestimates human greed and ego (both of which he has plenty of). His monopoly idea is only good for people like him - The fact that he thinks it's good for EVERYONE just shows how out of touch he and his friends are.