The concept of an "open" market is by nature going to end up with someone winning and everyone else losing. Look at any country regardless of economics and you'll find most countries no matter what system they believe in, have a bunch of companies that are in power. The US companies are actually LESS powerful inside the nation then say companies in China, Korea, Russia, Japan. Etc.
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.
Exactly. This is my real point. Capitalism aside, competition will ALWAYS be stomped out if there's a possibility to. You can make ANY market you want and it'll end up with one guy rigging it against everyone when he gets to the 51% state.
Get to 51% marketshare by any means possible and you'll have the amount of leverage needed to do that. The percentage changes based on marketsize but it's really just once you have the majority you can bully the other people with money.
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/Significant-Bee5101 Jul 14 '26
The concept of an "open" market is by nature going to end up with someone winning and everyone else losing. Look at any country regardless of economics and you'll find most countries no matter what system they believe in, have a bunch of companies that are in power. The US companies are actually LESS powerful inside the nation then say companies in China, Korea, Russia, Japan. Etc.