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The current business strategy across the tech industry is to kill off the competition rather than compete. Amazon, Google, Microsoft, really any business. Buy
by manvillej 3y ago
The current business strategy across the tech industry is to kill off the competition rather than compete.
Amazon, Google, Microsoft, really any business. Buy the competition or undercut the market so much that they die off. Once you are a monopoly, jack up prices.
Its industry standard.
- dredmorbius 3y agoThis is true. This is also hardly a novel development. John D. Rockefeller based much of his business and economic worldview on the notion that competition was wasteful, and monopolies efficient. He's hardly the only well-known business figure to do so, you can find similar sentiments from, say, Peter Thiel, particularly in Zero to One. A great exploration of the general trend of established commercial enterprises and interests to oppose new arrivals and competition is Bernhard J. Stern's 1937 article Resistances to the Adoption of Technological Innovations: <https://archive.org/details/technologicaltre1937unitrich/page/39 https://archive.org/details/technologicaltre1937unitrich/pag...> Markdown: <https://rentry.co/szi3g https://rentry.co/szi3g> I'd learned of that work through the work of Stern's student research assistant who'd done much of the literature search before going on to his own further career as a chemist and ultimately author: Isaac Asimov.
- dredmorbius 3y agoI'd meant to note: Ron Chernow's book Titan discusses this fairly extensively, though I'd need to look up the specific page / chapter references.