Capitalism and competition are opposites - Deepstash
Capitalism and competition are opposites

Capitalism and competition are opposites

Thiel argues capitalism and competition are opposites

Capitalism is premised on the accumulation of capital, but under perfect competition all profits get competed away

Because creating value is not enough, you also need to capture some of the value you create.

The lesson for entrepreneurs is clear: if you want to create and capture lasting value, don’t build an undifferentiated commodity business.

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liviu

My interests are many and eclectic. Product guy.

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