A Quote by Peter Thiel

Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.
From the outside, people think it's drug-related. But wherever you come from, people are driven by a sense of belonging. What I say to kids all the time is you don't own streets. We don't own the paving stones we are fighting over. Instead of fighting each other, you should be fighting the government to make this a better place to live.
Competition for the future is competition to create and dominate emerging opportunities-to stake out new competitive space. Creating the future is more challenging than playing catch up, in that you have to create your own roadmap.
Design is a tool that either allows us to create new markets or disrupt existing ones.
If laws acting upon private interests can not always be avoided, they should be confined within the narrowest limits, and left wherever possible to the legislatures of the States.
As you craft a plan to expand to adjacent markets, don't disrupt: Avoid competition as much as possible.
In the Republican Party, we talk all the time about the importance of free markets and open competition. It seems to me that if we don't practice what we preach, we won't have much credibility with others.
To thrive, all businesses must focus on the art of self-disruption. Rather than wait for the competition to steal your business, every founder and employee needs to be willing to cannibalize their existing revenue streams in order to create new ones. All disruption starts with introspection.
Basically we should stop doing those things that are destructive to the environment, other creatures, and ourselves and figure out new ways of existing.
Somehow, people act like I have no competition, but the thing is, the competition is so good that it forces me to be better than I even thought was possible.
Economic growth creates jobs, and countries grow when they educate their people and pursue policies that encourage households to save, existing businesses to invest, and entrepreneurs to innovate and create new markets.
You can't have a market without government, because governments create the rules of competition and enforce fairness in the markets, and they build the institutions within which competition takes place.
It is harder to explain why free markets create wealth than it is to pander to workers who have been displaced by global competition.
Relative to the taxi industry, Uber is a sustaining innovation; that is, it makes customers' lives better. Uber targeted mainstream markets with a better service for existing customers, and it succeeded in serving them better than the incumbents.
One must regard the hyphen as a blemish to be avoided wherever possible.
It is important to exhaust the potential of existing markets. But it is equally important to open up new markets.
Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
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