For most Americans the term monopoly is viewed negatively, but, according to Alex Moazed and Nicholas L. Johnson, CEO and Head of Platform at Applico, a platform application development company, thanks to the Internet, platforms like PayPal, Uber, Google, and Apple are now dominating the marketplace. They are, the authors contend, monopolies that are not so slowly displacing traditional companies in providing a broad range of services and products to consumers in ways that traditionally organized companies can’t match.
Modern Monopolies: What it takes to Dominate the 21st-Century Economy is a history of platform-based entities that details how they have come to exercise monopolistic dominance in the past decade. This book is designed for new entrepreneurs, showing them how to enter and succeed in today’s economy, and for established businesses, with hints on how to make the transition to the platform economy.
Whether you’re running a home-based business or a more traditional concern, this book is filled with useful information to help navigate the turbulent sea of 21st century commerce. In view of the fact that the platform economy is constantly evolving, the authors also include at the end of the book a link to their newsletter, providing updated information, and a glossary of terms used in the book that some readers might find unfamiliar.
This is a highly recommended reference for any level of business.
I give it four stars.