>Do we really need the top sliver of our graduates working on destructively taking market share from PayPal?
Do we really need PayPal in the first place? We had credit card companies already, and eBay had its own offering before PayPal. Hell, do we really need Google? Alta Vista was already here, why did we need another search engine? All that competition is just "destructive" "duplication".
Or maybe the reason why we have duplication is that some people like one service better. Other people call duplication "competition", and on net it has done a lot of good for this world. Each company tries to get better than the other, and we all win (except for the companies competing, sometimes). This process is what Schumpeter called "creative destruction".
But maybe you're right, and competition is destructive. Maybe we should just appoint ONE company to have a monopoly on each product in the marketplace. Should we abolish Apple, which is just "destructively" copying Microsoft? Should we draw-and-quarter anyone caught running Linux? Does that sound like a better world?
>Or fighting black-hat SEO fueled and exacerbated by the search-monopoly problem they created?
So, is the problem competition or monopoly?
You have very strong opinions on where other people choose to work and who should be able to hire them. It sounds like you just want a really bright person or group of people to assign all the tech grads to jobs. Similar things have been tried before, and the outcome wasn't too good.
No one is saying competition is bad. The point is we don't need all our geniuses competing with PayPal---it shouldn't be that hard in the first place. Let someone else do it.
>You have very strong opinions on where other people choose to work and who should be able to hire them. It sounds like you just want a really bright person or group of people to assign all the tech grads to jobs. Similar things have been tried before, and the outcome wasn't too good.
On the contrary. I want really bright people to assign themselves in a way that isn't ridiculous.
Do we really need PayPal in the first place? We had credit card companies already, and eBay had its own offering before PayPal. Hell, do we really need Google? Alta Vista was already here, why did we need another search engine? All that competition is just "destructive" "duplication".
Or maybe the reason why we have duplication is that some people like one service better. Other people call duplication "competition", and on net it has done a lot of good for this world. Each company tries to get better than the other, and we all win (except for the companies competing, sometimes). This process is what Schumpeter called "creative destruction".
But maybe you're right, and competition is destructive. Maybe we should just appoint ONE company to have a monopoly on each product in the marketplace. Should we abolish Apple, which is just "destructively" copying Microsoft? Should we draw-and-quarter anyone caught running Linux? Does that sound like a better world?
>Or fighting black-hat SEO fueled and exacerbated by the search-monopoly problem they created?
So, is the problem competition or monopoly?
You have very strong opinions on where other people choose to work and who should be able to hire them. It sounds like you just want a really bright person or group of people to assign all the tech grads to jobs. Similar things have been tried before, and the outcome wasn't too good.