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cwp | 2 years ago
This is important, because it means that new companies that compete with the monopolies have many paths to success. If the only possible outcomes are "beat Amazon" and "fail hard", you won't get many attempts; it's better to get an entry-level job at Amazon and climb the ladder.
So yeah, monopolies are bad, but banning M&A only helps them.
ClumsyPilot|2 years ago
If you start a car company, are your only two options 'beat Wolkwagen" and fail hard? How many car companies do we have?
cwp|2 years ago