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Most serious people living in Silicon Valley are deeply skeptical of big tech. Thiel included.
by nostromo 2y ago
Most serious people living in Silicon Valley are deeply skeptical of big tech.
Thiel included.
- scarface_74 2y agoThiel wants his own monopolies..
- nostromo 2y agoIf you read his book, he’s using an unconventional definition of “monopoly.” It’s more about being so competent as a company that you get large network effects as a moat. He specifically states that he doesn’t support anti-competitive practices by monopolies. The common example of this was early Google, that grew into a monopoly by being better than all the competition by a significant margin.
- scarface_74 2y agoYou realize that even using the word “moat” signals a monopoly to the DOJ? If you have ever worked in BigTech, part of the indoctrination is never to say the word “moat”. All of BigTech is big because of moats.
- Dylan16807 2y agoThat kind of significant network effect, while notably more legal than anti-competitive practices, is also very bad for the consumer. So this hardly acts as a defense of his desires.
- deleted 2y ago[deleted]