Monopolies Are A Consequence, Not A Benefit

My friend Peter Sims recently wrote about how he disagrees with Peter Thiel’s “Competition is for Losers” editorial.  Thiel argues that monopolies are good for society, and Peter respectfully disagrees. My own take is fairly nuanced–monopolies are a sign of a healthy market, because they tend to result from innovation in “winner-take-most” markets, but they … Continue reading Monopolies Are A Consequence, Not A Benefit