2 ms·
> my impression at the time is that this is an industry ripe for disruption > outperform your competitors because of your standardization, and become the monop
by capableweb 5y ago
> my impression at the time is that this is an industry ripe for disruption
> outperform your competitors because of your standardization, and become the monopoly
I'm not sure what your goal is here, either it's innovation or creating a monopoly, but you can't really argue for both at the same time.
- sacred_numbers 5y agoMonopolies are often created through innovation, either through lowering costs or increasing quality above competitors. Carnegie Steel, for example, used the Bessemer process to drastically lower the cost of steel and thus drive competitors out of business. Google used innovation to make searches much better and faster. There are certainly other ways to create a monopoly, such as regulatory capture, illegal activities, and price dumping, but natural monopolies due to superior levels of innovation do exist. The reason we generally want to avoid monopolies isn't because of the way they are created, it's because of the damage they can cause after they are firmly established.