“Some pioneers of the digital revolution believe that monopolies even serve progress. If there is total competition, says internet investor Peter Thiel, for example, companies would have no means for research and innovation. A theory that only makes sense from an entrepreneurial perspective upon superficial examination: If monopolists can demand high prices and earn a lot without having to make an effort, this will rather slow down progress.”
– Gerald Hörhan, “The Silent Robbery – How the Internet is Destroying the Middle Class and What Winners of the Digital Revolution Do Differently”, Verlag edition a
