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Peter Thiel: Monopoly’s fiercest advocate

4 pointsby Macacityover 3 years ago

1 comment

1cvmaskover 3 years ago
A government granted monopoly is something we should all challenge. Sometimes it is through rules and regulations and compliance regimes. Sometimes it is outright and blatant like issuing licenses and medallions.<p>A monopoly that emerges naturally from network effects (like Metcalfe) is always temporary (that could be decades) till new tech emerges. That is a different monopoly issue. We should be wary of legislation there as it might actually entrench the monopolists.<p>The biggest fear Facebook has now is Tik Tok.