4 ms·
This sounds incredibly naive. Competition does not magically prevent monopolies -- once you have a dominant player they just buy or undercut the occasional comp
by krastanov 6mo ago
This sounds incredibly naive. Competition does not magically prevent monopolies -- once you have a dominant player they just buy or undercut the occasional competing startup.
- nickpp 6mo ago> once you have a dominant player they just buy or undercut the occasional competing startup If they buy startups, a thousand more will spring up hoping to be bought. Investors love this game. And if you think undercutting works, read up on the story of Dow and how they broke the German bromine monopoly [1]. There is no such thing as a natural monopoly. Only governments can create monopolies, usually through regulation. [1] https://en.wikipedia.org/wiki/Herbert_Henry_Dow#Breaking_a_monopoly https://en.wikipedia.org/wiki/Herbert_Henry_Dow#Breaking_a_m...
- deleted 6mo ago[deleted]
- deleted 6mo ago[deleted]