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Nike Cortez Leather are classic and evergreen sneakers which have premium style and looks to offer. These shoes have been made from top notch and finest quality materials to deliver you endless durability and long lasting wear. The soft and smooth interior deliver luxurious comfort and allows you to wear these shoes all day long. These shoes have upper made from leather which is very lightweight and it offers comfortable fit. The upper has low cut collar silhouette which offers comfort around your ankles and offers natural fit. The upper lace traditional lace up closure system which features metal decal. The lacing system allows you to lock your foot down securely to ensure greater fit and excellent performance. These shoes have padded tongue which offers comfort to your feet and it keeps the lace pressure off your feet as well. The interior has been lined with fabric which deliver stunning comfort and excellent instep feel. The lining draws off the moisture from your feet and it delivers you fresh and healthy wearing. The upper has Classic Nike Swoosh logo on the top which shows off your stunning brand choice. The footbed has been padded from heel to toe to keep your feet on stunningly comfortable surface to ensure stress free wearing. The midsole has been made form EVA which is highly shocks absorbing material which it attenuates shocks and stress upon impact to keep the comfort at maximum. The midsole also offers support and it molds as per the shape of your feet to deliver you customized fit. These shoes have wedge style heel which adds classic looks. This wedge heel has been made from two tone EVA which enhances the shocks attenuation to ensure luxurious and stunning comfort. The outsole has been made from solid rubber which offers endless durability to the high wear areas of the outsole for long term use. The outsole has classic herringbone pattern which has been engineered to deliver traction on multiple terrains for skid free ride. These imported shoes weigh 13 ounces as per size 9. This style can be found in these colors: White/ White/ Black.

 

 
 
 
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Well, Mr. Thiel is right about one thing - he has a monopoly on the only book titled "Zero To One ..." and is certainly doing his monopolists' best to convince dumb consumers to transfer as much $$ as possible from their pockets to his. Monopoly is good for the monopolist only. A few years ago someone write an article in WSJ saying that insider trading is good for America and should be allowed. And Phil Graham wrote that CEO's should be paid billions because they run huge companies. Which means US President should also be paid billions. Wonder why WSJ al. Thiel considers only one side of what makes a market, the producer, whom he misidentifies as a capitalist (which is only one means to production). The other side of the market, the consumer, has interests that other than desire for a product are independent of the producer's interests. As to the product itself, their interests diverge, but neither is dispensable to making the market. Consequently, Thiel's argument is unconvincing except in a very narrow sense which to the extent it is successful (monopoly is realized) actually hurts the market - or the efficient transfer of products to those who need it.

So then, I am a bit puzzled by Clarium Capital. Why enter the most fiercest most competitive industry in the world where you are competing with the best and the brightest. Did he think that he could monopolize the hedge fund industry without any competitive advantage? Or perhaps this article is a result of his foray into that hyper competitive environment where he learned his lessons the hard way? Perhaps the restaurants he is referring to are the actually the hedge funds that shellacked Clarium. Well duh. Being able to collect economic rent is preferable to struggling with hundreds of competitors for market share. Excuse me. We have patent laws to insure innovators can collect monopoly rent. Outside agriculture perfect or pure competition is not found. It is taught to illustrate one extreme on the spectrum of market structures. Obviously being a monopoly is wonderful if you can create one through being first with a good idea.  Economists point out the social costs of monopolies when they are protected by government from legitimate potential competition. But to argue that entrepreneurs should not enter into an industry or market where there is competition is ludicrous. If there are good margins to be had by a well run new company why not encourage it? It keeps other firms from getting lazy. I'm surprised at the number of negative comments about this article. Peter Thiel has taken some controversial positions in the past and a few of them, like the idea of college being a waste, are almost certainly wrong. That said this article is very accurate about mechanics of tech industry monopolies. Every businessman who is not a fool is looking for a way to dominate their chosen market and extend that domination as far as possible. That's how you make the real money.

 

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