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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
by 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 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.