[1] http://www.businessinsider.com/peter-thiel-on-rene-girards-i...
[1] http://www.iep.utm.edu/girard
[2] http://plato.stanford.edu/search/search?query=girard+rene
It might be because the SEP is (I think) geared toward analytic philosophy, whereas Girard sounds like he's more from the continental tradition.
> Economics will tell you that competition dilutes profits, and that’s one big reason to question it.
Hmm, actually, no and no. Economics don't tell you that competition dilutes profits, it tells you that competition drives down prices until profits are zero, which isn't the same thing.
And it also tells you that low prices are good, not bad; only companies care about "profits", but the public at large benefits not from profits but from low prices. Walmart is the best thing that ever happened to the US, economy-wise.
Didn't know that Peter Thiel was an admirer of René Girard, but since he's also a disciple of Ayn Rand, I guess it makes sense (in that he revels in big empty bullshit).
Dilution is a process that happens over a time interval. In that sense, Thiel obviously is referring to dilution in profits per time interval moving forward. So driving the prices from X to 0 per time interval is diluting profits in that sense.
And if one looks at a very large, long term view of things, overall profit will be competed away too. So in a perfect competition, assuming the person shuts business with no loss, all capital ever earned will be competed away. Because competition typically drives prices way below the point where profits are 0, it drives it down to the point where overall profit ever earned is 0. Companies frequently sell at loss for market share.
Peter gets a lot of flak from people interpreting his writings in the context of the general economy/society rather than the context of startups.
Care to elaborate? From my school of thought, Walmart is the worst thing that has ever happened to the US economy. Sure they might have that scotch tape you want for 50 cents cheaper, but that came at the cost of less small businesses and lower wages overall.
Scores of businesses and shops that were once thriving and profitable in small town main streets are now empty because Walmart opened up on the other side of town.
Walmart also only lets their buddies near their shopping centers, and charge a high premium to any mom and pop stores or restaurants to in the shopping center, which is why if you drive across the South you always see the same 3-4 stores in a Walmart shopping center.
http://www.amazon.com/See-Satan-Fall-Like-Lightning/dp/15707...
I have no idea how they could be made falsifiable but it would be interesting if they could. Even if they are not falsifiable, as a theory of literature - or just storytelling - they're still quite powerful.
I really enjoyed how Girard theorized what made us human in the first place (namely, rituals).
Yeah, who really believes that ?