> resource curse, where countries with rich natural resources are prone to foundering Steve Jobs calls this out wonderfully here: https://www.youtube.com/watch

> resource curse, where countries with rich natural resources are prone to foundering Steve Jobs calls this out wonderfully here: https://www.youtube.com/watch?v=P4VBqTViEx4 https://www.youtube.com/watch?v=P4VBqTViEx4 > [...] the same thing can happen in technology companies that get monopolies. Like, oh, IBM and Xerox. If you were a product person at IBM or Xerox, so you make a better copier or a better computer. So what? When you have a monopoly market share the company's not any more successful. So the people that can make the company more successful are sales and marketing people. And they end up running the companies. And the product people get driven out of the decision making forums. And the companies forget what it means to make great products. [...] the product sensibility and the product genius that brought them to the monopolistic position gets rotted out. By people running these companies that have no conception of a good product versus a bad product. They have no conception of the craftsmanship required to take a good idea and turn it into a good product. And they really have no feeling in their hearts usually about wanting to really help the customers.