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I think it's dangerous of Theil to absolve monopolies as "good". Monopolies can lead to deadweight loss and stagnation. The human species only has limited sup
by pascalxus 9y ago
I think it's dangerous of Theil to absolve monopolies as "good". Monopolies can lead to deadweight loss and stagnation.
The human species only has limited supply of attention and "goto mindspace" to reach. Human attention is a natural resources, just like coal, or oil. Imagine if a single petrol company had access to all the oil on the Earth - it wouldn't be good.
On the other hand. There's not much we can do about this problem until consumers start seeing it as a problem. Once consumers do see it as a big problem - we'll have opportunities open to us :)