“We’ve created a financial system that turns idealists into monopolists” — Tim O’Reilly
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— timoreilly (@timoreilly) March 12, 2021
In this quote, Tim O’Reilly seems to be criticizing how the current financial system encourages idealistic entrepreneurs and innovators to eventually pursue monopolistic business practices in order to achieve economic success and security.
The best interpretation is that O’Reilly believes the pressure to continually grow revenues and market share in our profit-driven economy often compels even well-intentioned startups and companies to marginalize competitors over time through aggressive tactics like acquisitions or leveraging network effects, rather than maintaining an open marketplace of ideas.