"Monopolies are good for the businesses that have them" is so ridiculously axiomatic I wish he would just stop making it the focus of his talk. We know this, an

"Monopolies are good for the businesses that have them" is so ridiculously axiomatic I wish he would just stop making it the focus of his talk. We know this, and we know VC's get drastically bigger returns on those. The reasons we don't like Monopolies (if you're a person who doesn't like them) isn't because they're bad for those businesses or the market cap of those markets, but because they're bad for consumers and the economy as a whole. Thiel's IMPORTANT point is that small monopolies lead to bigger ones and you can not start by going after a big monopoly. That is his point that is not only spot on but really, really important and actionable.