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Giuliano Giacaglia
@giu
"This is probably the thing I disagree with the most with my very close friend, Peter Thiel. [He] Who kind of famously wrote in his book, basically that you need monopolies in order to get in innovation. Monopolies stop innovating. Monopolies are just death to innovation. Because as you like to say the motto of any monopoly is we don't care because we don't have to." - @pmarca
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Ed
@eds
Bell Labs is a major exception to that, since the government basically allowed AT&T a monopoly in exchange for making their research public, which enabled tons of innovation. But what Thiel would say is that all profitable companies are, to some extent, a monopoly. I don't think he would say we should *want* more monopolies than we already have, or that innovation comes from entrenched monopolies.
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Giuliano Giacaglia
@giu
Google also created Transformers. I think they are not claiming anything about research but about products and what comes from them
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