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There are many winner-take-all markets where dominance by a single firm makes complete economic sense ('natural monopolies'). In such a scenario it doesn't real
by globalise83 5y ago
There are many winner-take-all markets where dominance by a single firm makes complete economic sense ('natural monopolies'). In such a scenario it doesn't really matter which firm takes the lead: one of them will end up on top and it doesn't have to be through foul means - the self-reinforcing dynamics of the market are enough.
- hn_throwaway_99 5y agoThis is the point that has definitely become super apparent to me in the last decade or so. It's not that companies have to be evil or fraudulent, but usually the companies that "win" end up being the most aggressive, and then there are just a ton of positive feedback loops that make the company with the slight lead even stronger. All people (potential employees, potential execs, VC firms) want to go with the winner, so as soon as one firm starts to pull away from the pack it becomes much easier for the firm to attract the best talent and funding.