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You're not remembering correctly. IExplorer 5 was the best browser available, the Chrome of its time. >> monopolies create the setting for massive disruption

You're not remembering correctly. IExplorer 5 was the best browser available, the Chrome of its time. >> monopolies create the setting for massive disruption I know that HN has a fetish with disruption, but no, it's not monopolies that create the opportunity for disruption, but the exact opposite of a monopoly, which is competition, often made possible by advances in technology. There's no inherent property of a monopoly that facilitates disruption, other than the monopoly just being on the scene nearby.

kmlx 7y ago
> IExplorer 5 was the best browser available That's web 1.0 > but no, it's not monopolies that create the opportunity for disruption, but the exact opposite of a monopoly, which is competition, often made possible by advances in technology. monopolies innovate less, thus making them prone for disruption. "We develop a new theory of why a monopolistic industry innovates less than a competitive industry" http://www.dklevine.com/papers/monopoly_innovation.pdf http://www.dklevine.com/papers/monopoly_innovation.pdf