The Two-Front War on Techtopia

I may have a perfect betting record, but six years ago I made a big generalization that almost instantly blew up in my face.

In my youth, I saw Industrial Organization as the heart of our secular religion.  My history textbooks loudly and repeatedly decried “monopoly”; teachers, peers, and parents echoed their complaints.  Since the late-90s, however, such complaints have faded from public discourse.  The reason isn’t that plausible examples of monopolies have vanished.  If anything, firms that ...