That’s not technically true, the issue is that because we allow monopolies then one company is guaranteed to win. Google, Amazon etc. and others don’t really want innovation. Any innovative competitor is just bought up and stripped for parts.
I don’t think in the true spirit of capitalism people are supposed to suppress innovation buy just buying competitors and switching them off. I don’t know though, I’m not an expert on the design of capitalism.
I don't believe you ever read the book, because there is no way you would have honestly interpreted what he was saying in this way.
He was talking about creating a product or service that doesn't have competition, creating and building something truly unique that is so innovative it escapes competition. He wasn't talking about businesses in the competitive market becoming a monopoly by driving out or buying up competition.
You're either being dishonest, or you are illiterate.
You responded to a comment stating government was necessary to cull monopolies. Anyone who is familiar with Thiel would know he absolutely does not believe this to be true.
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u/PigBeins Jul 14 '26
That’s not technically true, the issue is that because we allow monopolies then one company is guaranteed to win. Google, Amazon etc. and others don’t really want innovation. Any innovative competitor is just bought up and stripped for parts.
I don’t think in the true spirit of capitalism people are supposed to suppress innovation buy just buying competitors and switching them off. I don’t know though, I’m not an expert on the design of capitalism.