Competition is the constant agression that keeps your business antifragile Dominating players tend to stifle competition thus become complacent and brittle Monopolies are inherently unstable, unless protected by the law
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2. ONCE dominating players become fragile because of bureaucracy, complacency, and the founders getting them there leaving the firm. Brown-nosing politics playing bureaucrats don't lead firms as well as the founders who survived the competition to become dominating.
3. Monopolistic companies can be stable and unstable and law is just one form of protection. Some competitive advantage are more fragile than others, i.e. scale is more fragile than brand or having Bezos as your CEO.
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4. What really makes your company antifragile is: A. High levels of cash B. Flexible, competent executives C. Fast decision making D. Low capital investment in non-flexible assets like machinery/inventory E. Policy that advocates constant small scale experiments at low cash burn.
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I disagree with A. Nokia had truckloads of cash D and E are tactical Incredibly difficult (maybe impossible) to keep B and C durably without effective competition
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