“Trust-Busting as the Unsexy Answer to Google and Facebook” by Gabriel Nicholas is not only a really well-written book review about the problem with monopolies, he also makes some excellent points himself. Here he is on Silicon Valley’s obsession with destroying competition:
It’s not just the feigned benevolence nor the arrogance that struck me in these memoirs but how these self-made millionaires talk about consuming, rather than overcoming, competition. Venture capitalist Marc Andreessen celebrates software companies’ “eating the world,” ingesting entrenched industries in their path. Peter Thiel, co-founder of PayPal and Palantir, declares that “competition is for losers,” and claims that companies can only reach their highest creative potential if they don’t waste energy fending off pesky competition. Capitalism, according to all these men, is about frictionless, seamless engorgement.