Video with 2 notes
Professor Tim Wu on the history of modern innovation — how start-ups become monopolizing corporate giants, and the changes from open to closed business/innovation models, and what this means for the future of the Internet.
"The history of capitalism is the history of industrial warfare. It’s not a polite contest — it’s a ruthless grab for domination."
"Corporate Monopolies? They start off strong, they will deliver, and they will establish themselves around the world at a reasonable cost for the sake of the public. And then after 30-40 years, they slowly become stagnant, abusive, and paranoid.”
(Replace corporate monopoly with dynasty, and we have Ibn Khaldun on the entire history of power relations.)