Editor’s Note: At 4:25, the video mentions Standard Oil and American Tobacco as examples for commodity monopolies that kept prices high. In reality, Standard Oil maintained its monopoly by artificially keeping price low to stifle out competition.
Standard Oil did not maintain its monopoly by artificially keeping prices low to stifle out competition. It had lower prices due to vertical integration. mises.org/library/truth-about-robber-barons
You should've added this at the very beginning, because otherwise people like me or MlgLegacy806 will come to the comment section to call you out long before/if we reach the end of the video.
LOL I actually wrote the comment, "You need to give Peter Thiel a citation" then deleted it after seeing this comment chain. Love your vids regardless.
whoknowsyoubetter And then people will come to your comments to call you out on making premature claims and not even hearing the whole thing out before making your judgment.
Claim your free copy of Peter Thiel’s “Zero to One” from Audible, in addition to a free 30-day trial! 👉 amzn.to/2PV77el (note: as an Amazon Associate, we earn from qualifying purchases).
Well, I did quite learn something from this and I’ve been getting questions like “how can I grow the money I have to make more”? not many people know who a fiduciary is and his services which should be the first knowledge for financial freedom. Quote me wrong...... it’s a dare
Big Cap 🧢 It is having financial knowledge first then a financial analyst/advisor comes in next to guide you through and manage your assets for a commission.
@@wallstreetdreams6284 Both saying same thing, a fiduciary is as important as having the financial knowledge because he guides you through secured investment plans and channels while managing your portfolio for a commission. Helps a lot both for newbies and experienced investors
@@americandreamer828 I don’t know a lot of them just Nicolas Benford, been working with him for quite some time..... my mentor in the financial market.
Yep! There's no way we wouldn't pay homage to Grey; his style (and Rules for Rulers, specifically) was a huge inspiration for us and a guiding force for what we were aiming for in terms of quality.
@@randomyoutubeuser2154 he revolutionized and influenced the technology that we used to this very day, the most successful electric car company in history is named in his honor, and we are all sitting here still talking about him almost a hundred years after his passing.. If that's a "nobody" then I would hate to die as a somebody.
Politics is a business to Politicians. Never forget that. Monopolies exist mainly because of Government especially in the US. It's not what they know it's who they know.
Successful monopolies either come up with something entirely new or make an existing product accessible to the masses to the extent that it seems like something new. The company that monopolizes the flying car may not build the first one. They will build the first affordable mass produced flying vehicle.
Fantastic job with this video, this was an improvement of an order of magnitude over (your already good) "company histories". I would love to see you produce some of these more "company tutorial" kind of videos in the future, overall fantastic work. Also, the "rules for rulers" teaching voice fit the style perfectly, 10/10 would monopolise again.
The best part about this video is the end. It's the guy who wrote the book on monopolies and the importance of distribution that tries to make you try is product for free through audible. The guy is one step ahead. You think you are independent thinker but the guy is selling you his book, this video is the sells pitch
that’s why fashion monopolies are so hard to build, the fashion industry innovates slowly, so the only thing that fashion businesses can do is change their aesthetic and styles, but in doing so you lose what everyone loved about your clothing originally.
1:09 My goal is to build an actual flying car one day: no wings, propellers, or external tracks. I felt like you were talking to me, so thank you. Btw if you ever hear about float circuit technology enabling flying cars one day, that's me. -\Float (pseudonym).
Side fumibling had already been negated for the turbo encabulator, I think you are barking up the wrong tree there. Also you are use the TE for time travel? it isn't going to get you far seeing as it only generates power and does not actually have any compentents that might distort time and space, yes, even the Rockwell automation parts.
hard to use amd vs intel as a good example of competition when intel has had a monopoly on chips for the past several years and hasn't needed to innovate until ryzen launched.
To be fair, IBM still owns the mainframe market. These mainframes are still important in certain computing tasks that supercomputers are not as optimized for. Mainframes are actually very widely deployed in the commercial retail and airline industries as examples.
Halfway through the video and I was already sure that you read the book Zero-To-One. Anyway, good work on clearly presenting the key points on this topic!
That's it, I'm sold. Two videos in and I'm a subscriber. I especially loved the shoutout to Mitch Hedberg with the "3 easy and 2 hard payments" part (if indeed that's what that was. In any case, it was funny). Though, I wonder how many monopolies were paid out in wampum...
Ironically, the law which is supposed to break up monopolies, in practice, actually creates them. Companies lobby the government to selectively use the law against their competitors, to make THEMSELVES the monopoly. So, it's a stupid law, and they should get rid of it. It only contributes to crony-capitalism. We should let natural monopolies stand, after all, wanting to achieve a monopoly is what motivates entrepreneurs to innovate/invest in the first place.
Sword Monopolies are nature in the primitive notion of scarcity. However, they are modern day feudalism and in the long run destroy innovation and stifle the economy. Historically they kill competition through the use of monetary oppression since money is excluded from constitutional law. On top of all that, government isn't a magical mysterious force it is made of people. So if good people get in good things happen same with bad. Corporation attempted to subvert during the gilded age and roaring 20s and successfully did so during the 70s. History is just that history good or bad only authoritarian supports attempt to revise it and attempt to clean it up...communists and capitalists alike do it.
Lobbies are a cancer that needs to be cut out before anything can be achieved. In all honesty the government needs a rework where businesses are more comparable to prey to regulators so there's a motivation to actually watch what they're doing AND as many punishments as possible to said regulators for NOT treating the businesses as prey.
+Jarred Emanuel "Sword Monopolies are nature in the primitive notion of scarcity. However, they are modern day feudalism and in the long run destroy innovation and stifle the economy. Historically they kill competition through the use of monetary oppression since money is excluded from constitutional law. On top of all that, government isn't a magical mysterious force it is made of people. So if good people get in good things happen same with bad. Corporation attempted to subvert during the gilded age and roaring 20s and successfully did so during the 70s. History is just that history good or bad only authoritarian supports attempt to revise it and attempt to clean it up...communists and capitalists alike do it." Hmm........ didn't this video just say about Ameircans fetishizing competition? Looks like It was right. In all honesty if a monopoly does what it's supposed to in thaty it has to be THE one to provide for as much needs as possible then it would take innnovation, brand it, and sell it to you for a price. That way there is innovation, the monopoly makes money, and the consumer get's a product.
Inventing flying cars is literally vertical progress haha
How
@@ilebillybobjoe it flies vertically
Swagheel
Fool you fallen right into my trap
@@ilebillybobjoe thunder cross split attack!!
Greatest sike ever
still less confusing than the Monopoly videogame
pour cold water to burned area
lol
Editor’s Note: At 4:25, the video mentions Standard Oil and American Tobacco as examples for commodity monopolies that kept prices high. In reality, Standard Oil maintained its monopoly by artificially keeping price low to stifle out competition.
Business Casual OwO
Business Casual you forgot STEAM
Standard Oil did not maintain its monopoly by artificially keeping prices low to stifle out competition. It had lower prices due to vertical integration. mises.org/library/truth-about-robber-barons
Rockefeller
Dumping as it finnest.
This is basically Zero to One by Peter Thiel in a animated video.
Yep! You'll notice at the end that we do mention that's the primary source of the video.
You should've added this at the very beginning, because otherwise people like me or MlgLegacy806 will come to the comment section to call you out long before/if we reach the end of the video.
Fair point! In hindsight, that would've been the smarter way to do things.
LOL I actually wrote the comment, "You need to give Peter Thiel a citation" then deleted it after seeing this comment chain. Love your vids regardless.
whoknowsyoubetter And then people will come to your comments to call you out on making premature claims and not even hearing the whole thing out before making your judgment.
Claim your free copy of Peter Thiel’s “Zero to One” from Audible, in addition to a free 30-day trial!
👉 amzn.to/2PV77el (note: as an Amazon Associate, we earn from qualifying purchases).
As I thought! All the information seems familiar as I have read the book "Zero to One"...
@@vanshraj499 lol same
Congratulations
1:58 The gate number on this made up boarding pass is 69D and the time is 420...... business casual is a low key savage
Thomas Riley 420?
J. Kaimori you are too young
Theres also Holla Holla Get Dolla in the american eagle symbol thingy in the video.
Flight #1337 as well
Passenger name: a Cat "girl" from an anime
"eye of Sauron"
"Evil monopoly corp"
"OwO"
Everything seems about right
SparkStop and cgp gray cup
And "Holla holla get dolla"
4:29-4:30 you can also see an OWO formed by the stars and at 6:33 at the denominator of the fraction
OwO what's this?
OwO
Well, I did quite learn something from this and I’ve been getting questions like “how can I grow the money I have to make more”? not many people know who a fiduciary is and his services which should be the first knowledge for financial freedom.
Quote me wrong...... it’s a dare
Big Cap 🧢
It is having financial knowledge first then a financial analyst/advisor comes in next to guide you through and manage your assets for a commission.
@@wallstreetdreams6284 Both saying same thing, a fiduciary is as important as having the financial knowledge because he guides you through secured investment plans and channels while managing your portfolio for a commission. Helps a lot both for newbies and experienced investors
How can I go about getting a fiduciary, I intend to view various investment options to spread across growing assets?
@@americandreamer828 I don’t know a lot of them just Nicolas Benford, been working with him for quite some time..... my mentor in the financial market.
Nicolasbenford@gmailcom
"People who sell themselves are politicians"
Almost choked, you're getting a sub for that one.
It's been 4 years since I am watching this video, I never get bored but I always get motivated to build something big.
Is that a cpg grey cup!??? At 9:05!?
Yep! There's no way we wouldn't pay homage to Grey; his style (and Rules for Rulers, specifically) was a huge inspiration for us and a guiding force for what we were aiming for in terms of quality.
Thank you for not also adopting CGP's bad habit of talking so fast one can't keep up ;)
Oh...I mean, you have his mug next to a sketchy-looking business developer, it has an implication that goes with his logo, does it not?
CGagnon5 no we're such loyal fans that watching his vids are normal to us in his speed while for the noobs is like hearing a guy talking at mach 1
CGagnon5 Trollers gonna troll yo
Pretty happy he gave Thiel credit here. I was watching the entire video thinking, "This is Zero to One."
East India Trading Company next
Or Dutch east indies :)
Lol
Lol i got it😂
Or both.
4:48 Creative Monopoly
7:50 Mark Zuckerberg developed Facebook for Harvard students not for all mankind
9:50 Zero to One book
ok yeah monopolies are hard, but where do I get me a turbo encabulator?
Beautifully crafted, unique, well scripted, vivid graphics and a joy to watch! Loved it!! thanks team!
9:25 "Holla Holla Get Dolla" instead of "E Pluribus Unum" had me rolling, dude.
Keep 'em coming. Makes ya laugh, makes ya think.
Audible, so kind for sponsoring this video
And building a monopoly themselves
"Without the prospect of great wealth, nobody would innovate"
Counter example: Nikola Tesla
And he died a nobody given his brilliance
The point is personal gain. Tesla's personal gain would probably have been his own satisfaction of helping humanity.
@@randomyoutubeuser2154 Yet, here you are, watching a video about that nobody.
@@mishalzee4659 That's the point in your mind.
@@randomyoutubeuser2154 he revolutionized and influenced the technology that we used to this very day, the most successful electric car company in history is named in his honor, and we are all sitting here still talking about him almost a hundred years after his passing.. If that's a "nobody" then I would hate to die as a somebody.
1:58 business causal confirmed weeb
you can also see felix behind the ticket as it's falling down. he's been a few of his videos.
well, Felix is the best girl
also confirmed stoner
"And people who sell themselves are politicians." Not only is this obvious, when he said it I almost died laughing.
Politics is a business to Politicians. Never forget that. Monopolies exist mainly because of Government especially in the US. It's not what they know it's who they know.
Successful monopolies either come up with something entirely new or make an existing product accessible to the masses to the extent that it seems like something new.
The company that monopolizes the flying car may not build the first one. They will build the first affordable mass produced flying vehicle.
Very true
Or obtain a government license that raises the barrier for other potential firms and individuals to compete. Like patents
“If I had asked what the customers had wanted, they wouldve told me a faster horse.”
Forgot the most important rule:
Pay politician to pass laws to kill competition.
Fantastic job with this video, this was an improvement of an order of magnitude over (your already good) "company histories". I would love to see you produce some of these more "company tutorial" kind of videos in the future, overall fantastic work. Also, the "rules for rulers" teaching voice fit the style perfectly, 10/10 would monopolise again.
The best part about this video is the end. It's the guy who wrote the book on monopolies and the importance of distribution that tries to make you try is product for free through audible. The guy is one step ahead. You think you are independent thinker but the guy is selling you his book, this video is the sells pitch
The desire to monopolise drives innovation, the fear of competition drives improvement to innovations.
nictheperson History disagrees...look at the concept of planned obsolescence.
nictheperson Phoebus Cartel???
competition provides individual cartel members incentive to break the cartel; they rarely last
+Jarred Emanuel
And simply logic would disagree: History is written by THE victor not by the competitiors
that’s why fashion monopolies are so hard to build, the fashion industry innovates slowly, so the only thing that fashion businesses can do is change their aesthetic and styles, but in doing so you lose what everyone loved about your clothing originally.
I'm physics major and never really had interest in business.. but this video was really informative. The more you know.
"People who sell themselves"
I thought that was prostitutes, not politicians.
But hey, what's the difference?
There's no e in politicians
that one Joe biden quote
I want a Turbo Encabulator so badly.
1:09 My goal is to build an actual flying car one day: no wings, propellers, or external tracks. I felt like you were talking to me, so thank you.
Btw if you ever hear about float circuit technology enabling flying cars one day, that's me.
-\Float (pseudonym).
Except Nintendo.
Nintendo has been alive sense the 17th century.
You're kidding right?
CU Pranav they started out making card games I believe, then got into the video game market when the tech arrived
A great distillation of Zero to One concepts, here's a like.
Felix Argyle is the passenger, here's a sub.
longest standing monopoly: ACME Corporation
One of the most underrated channels imo
Side fumibling had already been negated for the turbo encabulator, I think you are barking up the wrong tree there. Also you are use the TE for time travel? it isn't going to get you far seeing as it only generates power and does not actually have any compentents that might distort time and space, yes, even the Rockwell automation parts.
Just letting you know that the quality of this video was amazing. Clearly a ton of effort was put into this. Well done!
Zero to one is an amazing book , even if you don't wan't to build a billion dollar company.
your channel is so underrated hopefully one day it will blow up...soon!
Nice CGP Grey reference at 9:04. Maybe next time I can convince you to make a Wired Tombstone reference?
3:10, I love the subtle references/eastereggs you put in there... brings back memories of my childhood.
Competition isn't supposed to be good for innovation, it's supposed to be good for consumers.
Randall Stephens
Why not for innovation?
Instructions unclear
*Accidentally became a trillionaire*
I find it kind of odd hear the audible add at the end.
30 day free trial though! what a deal
+Eric Koester did they sponsor you
Eric Koester hey honey, guess what this lucky guy just got a steal of a deal on!
5 years later
ChatGBT destroys google
Building monopolies isn't an art, it's a business.
Business z boring!...Art z fun,Science z even more fun...!!...
@@constipatedbowels3473 Fuck science
Your closing paragraph was so good, it made me realize this whole video was pre-written...
Good nonetheless.
"OwO what's this"
"Gate: 69D"
"Departure: 4:20"
nothing out of the ordinary here >u>
Felix Argyle
this is so high quality
I loved the /r/HailCorporate part
I came for the game. I was so confused at the intro!🤣
you just keep gettin better and better
Me: thinks he means the game monoply
Him: I don’t mean the game of monopoly
why we can only like this only once, i want to like it every time i watch this
4:09 AT&T took over the batman building in Nashville.
Video: Build a monopoly
US govt: hehe haha let's divide the stuff a lil bit
Your videos are awesome.
Which software do u use to make such videos?
Turbo Encabulator. The meme on this video before memes were a thing. I'm impressed.
9:14 Hmm, I wonder what that logo on that cup is all about...?
its CGP Gray Channel Logo , talked about the same thing in amazing way
Some RUclips dude who's selling his deluded techno fantasies...
Peter Thiel is proud watching this
1:04 you switched the Intel and AMD logos. It kinda looks better that way.
Those little jokes are great. The Comcast Swastika, the AE FML or the CGP Grey homage, keep it up.
OwO What's this?
4:10 - 4:31 - 6:26 - 7:54 - 8:14 - 8:16
Maybe at first, but nowadays it's known for more sexual purposes. Especially those involving furries.
It's from a cancerous furry copypasta. I could post it here, if wanted.
Old world Order.
As a fellow premier pro editor, I feel your pain
My brother was a tailor...
He sewed my new blue jeans...
Love the Dane Cook reference @ 9:27 !.. too funny -(the little fake pop-up banner ad, 3 easy 2 hard payments X ] clever call back)
hey, great Informative content simply explained and kept short.
channel will blow up believe me
Lol this the book Zero to One by Peter Thiel summarized in a single video, nice job.
hard to use amd vs intel as a good example of competition when intel has had a monopoly on chips for the past several years and hasn't needed to innovate until ryzen launched.
What a fantastic video! Your channel deserves many more subs.
Great video, excellent animation, can I ask which software you use? Adobe CC?
Yep, Adobe CC and Blender for some 3d effects.
Adobe has their own Cookie Clicker??? :P
1:06 "Something's wrong I cab feel it..."
To be fair, IBM still owns the mainframe market. These mainframes are still important in certain computing tasks that supercomputers are not as optimized for. Mainframes are actually very widely deployed in the commercial retail and airline industries as examples.
Ya, IBM are still operating, just not as big as they were. No more monopoly in a large scale.
Aw, poor Sauron. Don't make him cry.
Competition is always a good thing. It Forces Us To Do Our Best.
A Monopoly Renders People Complacement and Satisfied With Mediocrity
this is basically zero to one by peter thiel
Just buy the game: “monopoly”
I love how the tower at 4:09 is the AT&T tower in Nashville
@6:33
OwO what's this?
it's the AT&T building in Nashville, Tennessee or more locally known as the "batman building"
It is the tallest building in the state.
Dmusk Music spotted another one @4:09 I think Business Insider has something to tell^^
It's a face
Old World Order.... I think
Whoever is making the illustrations is a furry.
1:02, is the moment, you check when was this video uploaded
Ask the God of monopoly yes u heard right!
Tim cook
Somebody call a doctor, Comcast is suffering from that burn!
9:08 OMG HE HAS A CGP GREY MUG
Monsanto has a lot of influence over agriculture basically holding a monopoly in the genetically modified foods section.
Successful Monopoly: American Cable Companies
Cable Television will be obsolete within the next decade.
Halfway through the video and I was already sure that you read the book Zero-To-One. Anyway, good work on clearly presenting the key points on this topic!
M-icrosoft
A-mazon
G-oogle
A-pple
That's it, I'm sold. Two videos in and I'm a subscriber. I especially loved the shoutout to Mitch Hedberg with the "3 easy and 2 hard payments" part (if indeed that's what that was. In any case, it was funny). Though, I wonder how many monopolies were paid out in wampum...
Lol, the Turbo Encabulator.
You could also mention that there's also space in the market for both you and your competitors. Business doesn't have to be a winner-take-all game.
Ironically, the law which is supposed to break up monopolies, in practice, actually creates them. Companies lobby the government to selectively use the law against their competitors, to make THEMSELVES the monopoly.
So, it's a stupid law, and they should get rid of it. It only contributes to crony-capitalism. We should let natural monopolies stand, after all, wanting to achieve a monopoly is what motivates entrepreneurs to innovate/invest in the first place.
Sword Monopolies are nature in the primitive notion of scarcity. However, they are modern day feudalism and in the long run destroy innovation and stifle the economy. Historically they kill competition through the use of monetary oppression since money is excluded from constitutional law. On top of all that, government isn't a magical mysterious force it is made of people. So if good people get in good things happen same with bad. Corporation attempted to subvert during the gilded age and roaring 20s and successfully did so during the 70s. History is just that history good or bad only authoritarian supports attempt to revise it and attempt to clean it up...communists and capitalists alike do it.
*Corporatism
Space Face Corporatism is the end result of unbridled capitalism
Lobbies are a cancer that needs to be cut out before anything can be achieved.
In all honesty the government needs a rework where businesses are more comparable to prey to regulators so there's a motivation to actually watch what they're doing AND as many punishments as possible to said regulators for NOT treating the businesses as prey.
+Jarred Emanuel
"Sword Monopolies are nature in the primitive notion of scarcity. However, they are modern day feudalism and in the long run destroy innovation and stifle the economy. Historically they kill competition through the use of monetary oppression since money is excluded from constitutional law. On top of all that, government isn't a magical mysterious force it is made of people. So if good people get in good things happen same with bad. Corporation attempted to subvert during the gilded age and roaring 20s and successfully did so during the 70s. History is just that history good or bad only authoritarian supports attempt to revise it and attempt to clean it up...communists and capitalists alike do it."
Hmm........ didn't this video just say about Ameircans fetishizing competition? Looks like It was right. In all honesty if a monopoly does what it's supposed to in thaty it has to be THE one to provide for as much needs as possible then it would take innnovation, brand it, and sell it to you for a price. That way there is innovation, the monopoly makes money, and the consumer get's a product.
That roast on Comcast is much appreciated
HAPPY 420 @ 1:58
business casual lowkey a stoner
paperman I was looking if someone commented this already
That was a smooth plug. Props to you.
*cough* 5:20 Proprietary not Propreitary *cough*
Appreciated the hidden memes and the Comcast jest, you've earned a sub.
9:06 @CGPGrey So you started consultancy ?
Why not? On his trip to the US he said he was up to something new
Thx, I'll use this next time.
did we find behind the meme 2.0
Please keep doing these kind of content also. Love your channel.