An interesting counterargument from Peter Thiel:<p>&quot;<i>Monopolies drive progress because the promise of years or even decades of monopoly profits provides a powerful incentive to innovate. Then monopolies can keep innovating because profits enable them to make the long-term plans and finance the ambitious research projects that firms locked in competition can&#x27;t dream of.</i>&quot;<p><a href="http:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;peter-thiel-competition-is-for-losers-1410535536" rel="nofollow">http:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;peter-thiel-competition-is-for-l...</a>