CHAPTER 11
STEWARDSHIP AND ANTITRUST
For the past few decades, the ultimate goal for a venture capitalist or founder has been to create a monopoly.
And you can see why: Today’s big technology monopolies—Google in search; Apple with its iPhone; Facebook in social networking; Amazon in online retail—are all trillion-dollar companies. Even past tech companies with monopoly power were formidable, including Microsoft, IBM, the old AT&T, and, for a while, AOL. (Microsoft, IBM, and AT&T were prosecuted for antitrust violations.)
In an era of responsible innovation, the monopoly objective needs to change. Monopolies are corrosive for the economy and dangerous for society. We must create a new direction for antitrust and competition policy, aimed not ...
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