| ▲ | naasking 8 hours ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||
> Thiel's book has influenced so many entrepreneurs into believing Monopolies are Good. Haven't read his book, but the idea that monopolies are good isn't typically made in a vacuum, it's made relative to alternatives, most often "ham-fisted government intervention". It's easier to take down a badly behaving monopoly than to change government, so believing monopolies are better than the alternatives seems like a decent heuristic. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | layer8 7 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
How would a bad monopoly be likely to be taken down if not by government intervention? | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | mrcincinnatus 7 hours ago | parent | prev | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Good for whom, exactly? | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | billiam 7 hours ago | parent | prev | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
This seems like a classic straw man argument. Plutocratic oligarchs have been making the argument that private monopolies are better than representative democracy at basically any societal function for decades without any actual data. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | billiam 7 hours ago | parent | prev | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
This seems like a classic straw man argument. Plutocratic oligarchs have been making the argument that private monopolies are better than representative democracy at basically anything for decades. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | vonneumannstan 8 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
>Haven't read his book, but the idea that monopolies are good isn't typically made in a vacuum, it's made relative to alternatives, most often "ham-fisted government intervention". It's easier to take down a badly behaving monopoly than to change government, so believing monopolies are better than the alternatives seems like a decent heuristic. What? How is the first alternative poor government instead of multipolar competing companies? When was the last time a Monopoly was actually broken up in the US? ATT/Bell 50 years ago? lol | |||||||||||||||||||||||||||||||||||||||||||||||||||||