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It has steep costs, but with monopolists they have other ways of extracting value from the inventions. Awesome book about the history if Bell Labs - virtually
by kolinko 14d ago
It has steep costs, but with monopolists they have other ways of extracting value from the inventions.
Awesome book about the history if Bell Labs - virtually all semiconductor tech we use today was created there (transistors, ics, solar, lasers, fiber optics, telecom satellites…), and they had to license it to be allowed to maintain their monopoly status.
https://www.amazon.pl/Idea-Factory-Great-American-Innovation/dp/1594203288 https://www.amazon.pl/Idea-Factory-Great-American-Innovation...
- ArcHound 14d agoThanks for the recommendation, I do see your points. We should be treating monopolies differently.
- kolinko 14d agoThanks :) Another cool book about back and forth between monopolies and decentralisation in our space: https://www.amazon.com/Master-Switch-Rise-Information-Empires/dp/0307390993 https://www.amazon.com/Master-Switch-Rise-Information-Empire... It also has an audiobook.