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Bell Labs was a monopoly (at least for a time period) and yielded countless high-impact, transformative innovations that a company with fewer resources (probabl

Bell Labs was a monopoly (at least for a time period) and yielded countless high-impact, transformative innovations that a company with fewer resources (probably) would not have been able to develop. I think (although I could be wrong) most would agree they were a net benefit to society.

abandonliberty 8y ago
In our local post-monopoly phone provider, 30 years ago dispatchers would call the local strip club bartender to reach their technicians. They were all on a first name basis. It was much better to work for these companies back then. Now, everything is super efficient and all that extra value the technicians generate go straight to executives and shareholders.
nine_k 8y ago
Bell Labs was not a monopoly: it did not prevent operation of other research labs. E.g. the highly successful Xeroc PARC co-existed with them for a decade or two. Bell the telecom company was a monopoly that financed Bell Labs. Bell Labs did not go down in flames when Bell was partitioned in 1982, and continued providing the world with great achievements.
- chargingmylaser 8y ago
  Totally true; I glossed over the distinction between Bell and Bell Labs -- I suppose this might be analogous (with the full understanding that the analogy is incomplete) to separating Google[x] and Google. However, is it not the case that Bell Labs was able to undertake such ambitious research projects because it was backed by a monopoly? Also, while Xerox PARC was also a legendary research institution in its day, I don't put it at the scale of Bell Labs, which touched a much broader array of fields. To quantify this distinction, compare the research budgets in 2018 dollars: - Xerox PARC: ~$450 million (http://articles.latimes.com/2001/dec/12/business/fi-parc12 http://articles.latimes.com/2001/dec/12/business/fi-parc12) - Bell Labs: $6 billion (https://www.nextbigfuture.com/2015/08/comparing-research-budgets-of-1970s.html https://www.nextbigfuture.com/2015/08/comparing-research-bud...) These sources might be imperfect.
- stuckinarut 8y ago
  Gee, that sounds familiar. I guess it's totally different because google only uses their duopoly position in ads to finance everything else.
Pica_soO 8y ago
You can sit on great ideas like the phone, because they threaten your gramophon buisness model?

abandonliberty 8y ago

In our local post-monopoly phone provider, 30 years ago dispatchers would call the local strip club bartender to reach their technicians. They were all on a first name basis. It was much better to work for these companies back then. Now, everything is super efficient and all that extra value the technicians generate go straight to executives and shareholders.

nine_k 8y ago

Bell Labs was not a monopoly: it did not prevent operation of other research labs. E.g. the highly successful Xeroc PARC co-existed with them for a decade or two. Bell the telecom company was a monopoly that financed Bell Labs. Bell Labs did not go down in flames when Bell was partitioned in 1982, and continued providing the world with great achievements.

chargingmylaser 8y ago
Totally true; I glossed over the distinction between Bell and Bell Labs -- I suppose this might be analogous (with the full understanding that the analogy is incomplete) to separating Google[x] and Google. However, is it not the case that Bell Labs was able to undertake such ambitious research projects because it was backed by a monopoly? Also, while Xerox PARC was also a legendary research institution in its day, I don't put it at the scale of Bell Labs, which touched a much broader array of fields. To quantify this distinction, compare the research budgets in 2018 dollars: - Xerox PARC: ~$450 million (http://articles.latimes.com/2001/dec/12/business/fi-parc12 http://articles.latimes.com/2001/dec/12/business/fi-parc12) - Bell Labs: $6 billion (https://www.nextbigfuture.com/2015/08/comparing-research-budgets-of-1970s.html https://www.nextbigfuture.com/2015/08/comparing-research-bud...) These sources might be imperfect.
stuckinarut 8y ago
Gee, that sounds familiar. I guess it's totally different because google only uses their duopoly position in ads to finance everything else.

Pica_soO 8y ago

You can sit on great ideas like the phone, because they threaten your gramophon buisness model?