Quote:
Originally Posted by GGG
I’d disagree that it’s just politics
I think with current communication and distribution it’s more likely that one product or idea dominates. Everyone uses the same operating system and same social networks etc. it was much harder to build these monopolies with physical goods like standard oil.
So the type of products creating billionaires are more naturally monopolistic than previously. Which is where you can give Musk a little credit that somehow he became the richest man in the world in a non-monopoly space with entrenched competition.
Now the financial services sector that generates billionaires is a political structure thing so some of what you are saying is true.
|
Are you aware of the rail monopolies in Canada and historically in the USA? A tech that's been around for what, 300 years?