S7 E11: Better Capitalism?
Scene on Radio
00:00
Peter Thiel on Monopolies
- Peter Thiel advises aspiring entrepreneurs to aim for monopolies and avoid competition.
- He believes that competition is for losers and that successful tech companies like Apple, Google, Microsoft, and Amazon have thrived by establishing monopoly-like businesses.
- Thiel points out that these companies accumulate vast amounts of cash due to their market dominance, although they have faced antitrust lawsuits.
- While Thiel's perspective is blunt, seeking industries with limited competition is common practice, contrasting with Adam Smith's emphasis on maximizing competition to benefit consumers and workers.
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