@pmarca IBM case dropped in 1982, Microsoft's antitrust problems were 1991-2001. Could have been Apple 2010-present if not for Android.
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@paulbaumgart@pmarca what about Google in search advertising? - 2 more replies
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@pmarca I'm guessing The Innovator's Dilemma + the internet spreading info faster are why we haven't had a big tech monopoly recently.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@paulbaumgart 6/ That's where the internet comes in. It undoes that final bit of central planning. http://www.econlib.org/library/Essays/hykKnw1.html …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@paulbaumgart 7/ Internet creates larger markets by allowing individuals to efficiently use Hayek's "knowledge of time and place"Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@paulbaumgart or maybe it’s the same market that always existed, but accessible because of tech.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart You're forgetting IBM. That little CP/M ripoff only came about because hardware needed an OS.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@paulbaumgart 1/ Another reason: internet dramatically strengthens Hayek's argument in the Use of Knowledge in Society.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@paulbaumgart 2/ He says: knowledge of the circumstances of time and place is where everyone has some advantage over all othersThanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@paulbaumgart 3/ But the "man on the spot" cannot decide solely on the basis of his limited but intimate knowledge of the factsThanks. Twitter will use this to make your timeline better. UndoUndo
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