CCC comments on Rationality Quotes Thread July 2015 - Less Wrong
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Comments (86)
You seem to interpret "progress" as "lower prices" :-)
While I think that Clarity is misunderstanding Peter Thiel (Thiel says that a potential monopoly is the carrot that drives a lot of innovation; Clarity wrongly interprets this as "monopolies drive progress"), the question of monopolies and progress is complicated. The two major examples that come to mind are Bell Labs (run by AT&T) and IBM (in the 1950s - 80s era).
I see how it can look like that. But no, they are two related but seperate effects of a healthily competitive market.
That is a statement that I can agree with. (And I wouldn't count a severely dominant player as a monopoly; a dominant player can drive a lot of progress as the smaller fish frantically try to find a way to one-up it and pull in customers)