> Monopolies lead to no competition, leading to reduced innovation, economic stagnation
That sounds smart, but is it actually true? How many of the things enabling the existence of this website are inventions made in the research institute of the Bell Telecom company.
On top of my head, there are transistors, C, Unix and a fair bit of cryptographical work. I'm sure others can add a lot more to the list.
Hell, this website recently carried an article that mentioned that the very financial concepts that enable companies like Y-combinator to exist were invented by a researcher at Bell labs.[1]
>"How many of the things enabling the existence of this website are inventions made in the research institute of the Bell Telecom company."
In both giving them the bankroll to research it pre-breakup, and the economic freedom to pursue it under separate ventures post-forced breakup - it was most likely equally valuable.
A lot of things that make our modern apparatus' possible came from both Bell Labs research, and Bell Labs branching out by force.
That sounds smart, but is it actually true? How many of the things enabling the existence of this website are inventions made in the research institute of the Bell Telecom company.
On top of my head, there are transistors, C, Unix and a fair bit of cryptographical work. I'm sure others can add a lot more to the list.
Hell, this website recently carried an article that mentioned that the very financial concepts that enable companies like Y-combinator to exist were invented by a researcher at Bell labs.[1]
[1]https://commoncog.com/cash-flow-games/