Monday, April 30, 2012

The Creative Monopoly

A recent article I read by David Brooks deals with the idea of a Creative Monopoly. His background story is pretty unique and he draws on that to suggest that people shouldn't focus on being more competetive but more monopolistic. The article states that Brooks is not referring to the idea of an illegal monopoly where you are focusing on eliminating your rivals but one where you create a new market that is unique and you are the only one who people can come to when they need that good. He stressed how our education system at the college level is creating competitive students who compete to get into schools and compete for jobs and then once they have a job compete against other companies and try to beat them in any way possible. He says that the problem with this competitiveness is that it is taking away from peoples abilities to be creative and find their own niche in the market which will ultimately result in a better outcome individually and to society. He values the idea of a "creative monopoly" over competitiveness because of the outcomes and he suggest that people should focus their goals on becoming better monopolists.

http://www.nytimes.com/2012/04/24/opinion/brooks-the-creative-monopoly.html?ref=unitedstateseconomy

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