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Peter 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.
* Criticism: https://medium.com/@petersimsie/why-peter-thiel-is-dead-wron...
* Alternate interpretation of Thiel's intent: https://www.quora.com/Peter-Thiel-claims-that-competition-is...
Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
We have a systemic corruption problem (manifested in lobbying) coupled with greed on scales we've never seen before. Everything else is just a symptom of that problem.
Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
Peter Thiel (who works with YC) will tell you that monopolies are good for the world.
Grade: F (see me after class)
Peter 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.
The crashing and burning of a big monopoly may very well be a healthy event; but oh the damage they do before then...
This is brilliant. I recently wrote in to my senator about net neutrality. His reply was a breathtakingly convoluted justification of not regulating companies like Comcast because antitrust laws would take care of it. I've never felt so insulted.
Peter 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.
Comparing one very effective and interesting skunkworks lab with the incredible explosion in choices and service in telecommunication, as well as drastically lower prices, that came when the monopoly was broken up?
I think you're demonstrating the anti-monopoly point handily.
Peter 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.