The best strategy for a given business is a different question from what is a good strategy for egulators or society. This was repeatedly emphasized, both in Ze

The best strategy for a given business is a different question from what is a good strategy for egulators or society. This was repeatedly emphasized, both in Zero to One and in the many interviews supporting its launch. This blog post quotes a specific passage from the book without this context. It's true that monopolies often have negative societal consequences but it's also true that building a defensible "monopoly" or "moat", in Buffet's way of saying it, is extremely powerful for a business. It's also true that centuries old econ 101 charts that assume a static world (perfect information, rational actors, etc) is a lousy way to model the prospects of a modern tech company.