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If you're interested in thinking more about it, Peter Thiel's Zero to One is a very interesting book. It's certainly not necessarily true that a monopoly ends u
by tyrfing 4y ago
If you're interested in thinking more about it, Peter Thiel's Zero to One is a very interesting book. It's certainly not necessarily true that a monopoly ends up providing value like that, but with Google as an example, it's very unlikely they would provide so much open source code if they were in a vicious fight for survival.
> [T]he history of progress is a history of better monopoly businesses replacing incumbents. Monopolies drive progress because the promise of years or even decades of monopoly profits provides a powerful incentive to innovate. Then monopolies can keep innovating because profits enable them to make the long-term plans and finance the ambitious research projects that firms locked in competition can't dream of.
https://www.wsj.com/articles/peter-thiel-competition-is-for-losers-1410535536 https://www.wsj.com/articles/peter-thiel-competition-is-for-...
- nemothekid 4y agoIt's not a good counter-argument because telecoms arguably have a monopoly power in the US and were dragging their feet in offering fiber up until Google announced they were becoming an ISP.
- tyrfing 4y ago> telecoms arguably have a monopoly power in the US and were dragging their feet in offering fiber up until Google announced they were becoming an ISP. One of those is extracting monopoly profits, and it's not the telecoms.
- smilespray 4y agoI am staunchly against book burning on principles, but I suddenly find myself wondering whether Peter Thiel is flammable. Jokes aside, I'm not going to take anything that man says on face value — even if I'm reading the article as I speak.
- tonguez 4y agothanks for sharing