Monopolies and Innovation: A Comparative Analysis

This chapter examines the contrasting approaches to technological development in the US and Japan, focusing on how monopolistic practices of giants like AT&T and IBM impacted competition and innovation. By analyzing historical events and regulatory responses, it highlights how fostering smaller companies can lead to significant advancements, as seen with startups like Microsoft and Apple. The discussion also addresses the risks of oligarchic practices in modern markets, stressing the delicate balance between corporate power and innovation.