✍️ Click here to read some of my thoughts on the new NBER paper regarding collusion and common leadership in Silicon Valley:
As an MBA student, the NBER paper reinforces something that I have discovered again and again; while capitalism will always be a very imperfect system, it’s best possible form is when it conforms closest to a game. Meaning, when it is allowed to be playful, highly competitive, and free from both arbitrary rules and bullies. I’ve said it before, but I will say it again: being pro-business requires that one also be anti-monopolist.