America has a monopoly problem
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America has a monopoly problem
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Re: America has a monopoly problem
#2Web link doesn't work if you've already visited the site, including incognito.
Re: America has a monopoly problem
#3Web link doesn't work if you've already visited the site, including incognito.
Archive link: http://archive.is/02i6P
Re: America has a monopoly problem
#4Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
Re: America has a monopoly problem
#5Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
Any links you could recommend? I’d like to read more as I disagree strongly.
Re: America has a monopoly problem
#6Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
They often are, because companies in highly competitive industries don’t have the excess profits to reinvest in research. Computing as we know it is largely the story of monopolies. Bell Labs bankrolled by the AT&T monopoly. Xerox PARC bankrolled by the Xerox copier monopoly. The Internet bankrolled by the ultimate monopoly (the military). The modern web bankrolled by the Google/Apple duopoly.
Re: America has a monopoly problem
#7Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
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Re: America has a monopoly problem
#8Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
Oh, heavens, no! Nobody associated with YCombinator (especially a demi-god like Thiel) is ever wrong about any topic involving our economic (or socioeconomic) system. Ever.
Re: America has a monopoly problem
#9Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
There may be an interesting discussion here somewhere, but as constructed your comment is less likely to produce such. Do you have specifics regarding Thiel’s position and how it compares with that of the article? As is, it appears you’re looking to provoke a reaction rather than promote a productive discussion.
Re: America has a monopoly problem
#10Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
They often are, because companies in highly competitive industries don’t have the excess profits to reinvest in research. Computing as we know it is largely the story of monopolies. Bell Labs bankrolled by the AT&T monopoly. Xerox PARC bankrolled by the Xerox copier monopoly. The Internet bankrolled by the ultimate monopoly (the military). The modern web bankrolled by the Google/Apple duopoly.
>companies in highly competitive industries don’t have the excess profits to reinvest in research.
On the flip side, monopolies often have little incentive to invest in improving their products/services, and find they can profit from making their products cheaper/worse.