3 ms·

Thiel wants his own monopolies..

• nostromo 2y ago
  If 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 ago
    You 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 ago
    That 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.