competition

Peter Thiel's lecture from the How to Start a Startup course on business strategy and monopoly theory, arguing that competition destroys profits and that startups should aim to build monopolies. It covers the ideas of Zero to One.

Clayton Christensen explains the jobs-to-be-done idea in five minutes, using the fast-food milkshake example. The point is that understanding the job a product is hired to do makes it easier to improve.

A short clip of Milton Friedman explaining who benefits from occupational licensing requirements, arguing they mainly protect practitioners from competition.