3 ms·
Dug up a relevant quote, just for kicks... "Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and
by beat 8y ago
Dug up a relevant quote, just for kicks...
"Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition all profits get competed away. If you want to create and capture lasting value, don't build an undifferentiated commodity business."
- Peter Theil, Zero to One