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On the contrary, I think that innovative disruption is good. Competition is good. But monopolies are bad, on all levels. The incentives are overall very short
by stephc_int13 4y ago
On the contrary, I think that innovative disruption is good.
Competition is good.
But monopolies are bad, on all levels.
The incentives are overall very short-term. With a few exceptions.
- UncleEntity 4y agoSure, innovation and competition are good. Monopolies aren’t even inherently bad as long as they achieved it naturally and don’t abuse their monopoly position. What is bad is predatory tactics like running at a loss because you know it will put the competition out of business then raising prices to their true cost like Uber does. Ironically they still can’t make a profit without abusing their “employees” for whatever reason, probably because the margins are so low in that industry it can’t support multiple multi-billion dollar mega-corporations.