4 ms·
This article is basically saying: "leverage network effects to make yourself immune to competition". I get the logic, but think it is bad for society. Our syste
by throwawaysea 6y ago
This article is basically saying: "leverage network effects to make yourself immune to competition". I get the logic, but think it is bad for society. Our system of innovation relies on continual competition. And when I look at big companies with big network effects (Visa, Facebook, Twitter, etc.), I find that I dislike all of them, wish they faced competition, wish customers had choice, and also wish employees had choice. I'm not sure what the right solution is here, because customers do derive value from social features that are executed well. But such a moat lends itself to a lack of real competition.