It sounds like Peter Thiel's argument about how natural monopolies can afford to invest heavily in R&D because they're financially comfortable. And how competit

It sounds like Peter Thiel's argument about how natural monopolies can afford to invest heavily in R&D because they're financially comfortable. And how competitive industries supposedly don't offer the same room for research. I think he's mistaken on this but nonetheless it's a compelling argument in some cases. Here's his essay where he expands on it: https://www.wsj.com/articles/peter-thiel-competition-is-for-losers-1410535536 https://www.wsj.com/articles/peter-thiel-competition-is-for-...