Rather than compete in someone else's market, create your own market. Manufacture, or identify a need that has not been met, and, having been first mover, use that to build an insurmountable lead over any possible competitors.
Whether it's mint toothpaste, or portable digital music players, this has been done for generations.
"Creative Monopoly" is a bizarre term for it.
Kudos.
I often hear that American and European schools are produce better students than Asian schools because they place less emphasis on rote learning and more on independent thinking but my impression is that's much less true now than it might have been 20 years ago.
I do think however the article is well written and quite insightful based of course on Peter Thiel's ideas.
Inovation always wins, those that focus on just competing will lose. A country has to foster inovation. the countries that innovate in education could be the big winners.
To be fare to the US, some of there big colleges do that, but it does seem at the grass roots of the system it needs change and that applies to a lot of countries.
MBA's might not be good hires in a $100,000 startup, but they know more than we think.