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Other monopolies have produced great things: Xerox's PARC labs, IBM. But not always: Standard Oil, East India Company. Maybe opportunity (as you note) plays a
by hyp0 13y ago
Other monopolies have produced great things: Xerox's PARC labs, IBM.
But not always: Standard Oil, East India Company.
Maybe opportunity (as you note) plays a part.
- vanderZwan 13y ago> East India Company Another issue might be that we are focussing a bit too much on technical innovation. Because if you mean the Dutch East India Company (better known as the VOC), there is no denying that it was very innovative from an economics standpoint. http://en.wikipedia.org/wiki/Dutch_East_India_Company http://en.wikipedia.org/wiki/Dutch_East_India_Company