It just makes economic inequality more persistent if, while rich kids are being taught the recipe for wealth, https://twitter.com/paulg/status/1109897564973871106 … you tell poor kids it's impossible to become rich except by being a crook: https://twitter.com/RBReich/status/1220481483002937344 …
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I think Peter Thiel overstates that point. It's true that a monopoly guarantees few viable competitors, but you can also achieve this by being way better than your competitors. That's how the Collison brothers became billionaires.
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Stripe is the company that comes to mind for me as well. I think it's possible they've built a functional monopoly in financial services for startups but we'll see how that plays out over the next 2-3 years. (fwiw I also do not think short term monopolies are bad)
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