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The endgame of entrepreneurship is monopoly, if possible. The (western) internet has no physical barriers so is infinitely scalable so it got monopolized very v
by cblconfederate 5y ago
The endgame of entrepreneurship is monopoly, if possible. The (western) internet has no physical barriers so is infinitely scalable so it got monopolized very very quickly. Whether those monopolies are forming a cartel to prevent new entrants is another matter; it might well be the case that it is now closed for new entrants. There is some innovation in things like decentralized finance which are inherently orthogonal to the current state. There is also the old internet which could never be centralized, it's still out there but it's unmonetizeable now.
If there is going to be competition for the big players, it will come when closed markets like Russia or China develop enough to threaten them. It is possible that Europe at some point will also follow their example.