2min chapter

Acquired cover image

Standard Oil Part II

Acquired

CHAPTER

Paradimes Break Monopoly Positions

New technologies happen, and they will always unseat incumbents. But it does seem to be the case that paradimes break monopolies. The advent of electricity unseated kerosene; gasolene undid the invention o electricity. So you sort of have this massive de stabilizing force driven by technology in our ability to go find this product elsewhere.

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