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> many markets are naturally winner takes all I don't think this is true. "Winner takes all" is a predatory behavior and it is only possible with enormous conc
by zzzcpan 9y ago
> many markets are naturally winner takes all
I don't think this is true. "Winner takes all" is a predatory behavior and it is only possible with enormous concentration of wealth. Otherwise markets become full of small players and fair competition.
- deong 9y agoSome markets do. There are many examples of markets that don't -- enough that there's a recognized term for it ("Natural Monopoly"). I would argue that the level of knowledge, talent, and engineering and scientific resources required to do what Google does forms a pretty effective natural barrier to a bunch of small players being able to compete.