[WilliamDhalgren]

I dont want to go look it up to verify and properly link a citation etc, but I think Schumpeter argued that monopolies are actually good for innovation, at least of the (what's the term?) big bang, fundamental kind, because in a highly competitive marked you can't afford to set aside a significant % of budget for fundamental r&d that's only going to pay off in the very long term and not get outcompeted in the meantime.