Akimbo: A Podcast from Seth Godin The free market has an enemy (E)
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Jul 3, 2024 This podcast discusses the vulnerabilities of the free market within capitalism, focusing on monopolies like Facebook. It explores how monopolies limit consumer choices and the dominance of tech companies in the industry. The discussion also addresses the challenges of short-term thinking, corruption, and the importance of embracing change and innovation for growth.
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Capitalism Threatens Free Market
- The free market is fragile and rarely truly free or stable.
- Capitalism, especially monopolistic capitalism, often threatens free market competition.
Facebook's Monopoly Explained
- A monopoly means having no real choice except what the monopolist offers.
- Facebook is a monopoly because network effects trap users and advertisers on its platform.
Microsoft's OS Monopoly Anecdote
- Microsoft used OS dominance to push its online service by forcing content creators to join for free.
- This deep integration helped Microsoft control software distribution.