By Paul Kedrosky, Blogger, Infectious Greed
When a capitalist says that he is pleased to see profits increase as his competitors disappear and the remainder hold the line on price is that a cartel? How is it different from the CEO of, say, Honda, gloating about the elimination of other auto companies, and then asking the remaining companies to hold car prices?
All these questions came to mind in reading some of the more entertainingly outraged comments to venture capitalist Fred Wilson’s post today about the venture capital diet.
Read the rest of this post on the original site
Buy This Item: [Click here to buy this item]