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The Collison Brothers Built Stripe into a $95B Unicorn

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Re: The Collison Brothers Built Stripe into a $95B Unicorn

#291
post #218

Earlier quoted context omitted.

> If you take the, say, 500 most talented players in the US at a given time, you can't just replace them with the next 500 most talented players and get the same outcome I genuinely believe that a league made of the 500-1000 rank players would be just as (or at least almost as) entertaining as one with the top 500 players. Relative rank is what matters and it's why NCAA March Madness is so popular despite being made…

The AFL, WFL, USFL, XFL, AAFL, 2nd XFL and 2nd USFL would likely disagree. "March Madness" is an anomaly, a single-elimination tournament with 48 games in one weekend with a history of upsets and buzzer-beaters. Additionally, college basketball and football in the US benefit greatly from the local and alumni network affinity for the programs, that doesn't exist with, say, minor league baseball or the NBA D-League.

I mean that if the NFL didn't exist then the AFL would be popular. A better example would be Japanese Baseball. A lot of those players are great but very few of them ended up transferring to the American leagues, yet the sport is still extremely popular in Japan.

Re: The Collison Brothers Built Stripe into a $95B Unicorn

#292

Earlier quoted context omitted.

Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is. The Logic of Collective Action explains the mechanics. https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action It's basically game theory, by another name.

> Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is. "Preventing defectors from collective bargaining" is also, more or less, the definition of what an economic cartel does.

Companies are an economic cartel for capital, but we’ve don’t take their existence as a controversy
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