Creative Monopoly

We live in a culture that nurtures competitive skills. And they are necessary: discipline, rigor and reliability. But it’s probably a good idea to try to supplement them with the skills of the creative monopolist: alertness, independence and the ability to reclaim forgotten traditions.

Great Op-ed in NYTimes today citing Peter Thiel (Paypal founder) thoughts on Competition and establishing "Creative Monopoly". Premise being - Rather than being competitive in an already established market, you should focus on creating new niche markets which will allow you to rule that for a considerable period of time. While you benefit with better profit margins, the value to society is often bigger.