rrdavies

rrdavies

1p

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14 years ago @ Feld Thoughts - Mike Wallace Interview... · 0 replies · +1 points

Good point. One could envision a scenario where google is basically a "monopoly". However, that monopoly relies on the greater society and network effects. That requires everyone to have motivation to contribute to that monopoly's bottom line. Google therefore is kept in check and wouldn't want to risk doing much that might shake up the makeup of their network. I don't think Rand ever contemplated this type of monopoly - only corporatist monopolies.