On monopolies and “mob mentality”

Philippe Dauman is CEO of Viacom. Viacom’s in the content business, and business is good: Philippe Dauman made $20 million in 2011. Dauman supported SOPA and believes SOPA was defeated by “mob mentality”.


Viacom’s business is based on Copyright, government-enforced exclusive control over their movies and TV shows. That makes Viacom a monopoly, and to monopolies, customers are a captive audience. In the face of competition, non-monopolies court customers by developing better products and services; monopolies file lawsuits. To non-monopolies, dissatisfied customers are a business opportunity. To monopolies, they’re a mob.


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