From the Editor's Desk Are monopolies good? Peter Thiel (of Paypal founding and Facebook investment fame) has argued in his book, 'From Zero to One' that only monopolies like Google can afford the long-term focus and cash drain required to really invest in innovation. He adds that competition causes companies to rush towards mediocrity, as they try to outprice each other or only incrementally improve offerings. In this recent article, the New York Times makes a similar case. It's interesting that a democratic platform like the internet is creating 'winner-takes-all' companies like Google, Facebook and Amazon. Many of these companies have managed to create network effects (more people joining Facebook makes it more valuable to existing users, so they don't move elsewhere) to become monopolies. Now, the good thing is that they are very aware that the pace of new technology is such that they could get wiped out unless they invest their excess cash in tomorrow's technologies and do it faster and better than the next startup that could upend them (case studies include Nokia and Blackberry). So, in effect, unlike the monopolies of the past which were created through control of licenses and natural resources, tech monopolies are monopolies due to consumer choice and consumers will choose whatever's best for them. That's the kind of monopoly Thiel is referring to - Comment
Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money!
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Subramanian Swamy’s One-Sided Discourse at Delhi University on the Ram Janmabhoomi Temple This weekend, on 9 and 10 January 2016, the Faculty of Arts at the Delhi University was host to a seminar titled, “Shri Ram Janmabhoomi Temple: Emerging Scenario.” The event was organised by the Arundhati Vashishtha Anusandhan Peeth, an organisation founded by former Vishwa Hindu Parishad president Ashok Singhal, who passed away last year. Framed…
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