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Comment by galago

“As a result, barriers to entry that have stood for decades are melting away. Every incumbent business is vulnerable to competition and disruption.”

Upper middle class dudes from elite academic institutions create businesses. What's the new thing? Maybe I'm misstating this and I'm just going to piss away what few points I have less, but hasn't business always been this way?

Railroads killed the stagecoach, the lightbulb killed gas lamps, Craigslist killed the newspapers. Amazon might well kill Google, but if they do, its not necessarily a new thing.

parent galago 12 years ago

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