Us monopoly history10/7/2023 Players from USA on this Wiki Ĭlick here to see all players on this wiki categorized as being from the USA. ★ Brian was selected as the 2015 US representative through an online quiz and essay competition, not through a in-person tournament as all of the past US champions have been determined. This likely is more difficult to achieve because the championships no longer occur on an annual basis, but closer to every six years at this point. No American has won the World Championship since 1974, although Rick Marinaccio placed 3rd at the 2009 World Championship.Ĭhicago, IL - Atlantic City, NJ (on a train)ĭana Terman and Gary Peters are the only US players to win back-to-back titles. ![]() Only two US players have won the World Championship, and each of those was before true international competition existed at the World Championship level. The US players with the most national victories are Dana Terman and Gary Peters, each the winner of two US Championships. The world is changing, and we must deal with it.Thirteen MONOPOLY US Championships have been held with a US representative selected in August 2015 through an online quiz and essay competition to compete at the 2015 World Championship. We can cheer for the “small farmer,” but the reality is that the world is moving to fewer competitors and larger businesses.Īnd as I write that, I literally find myself sighing. Neither is technology and the drive for scale. ![]() Understand this: Cheap money is not going away. But it is a niche market.Īnd as the world demands scale, cheap money helps it go even faster. Can small farmers producing locally grown food survive? Absolutely. Your heart is with them but the market demands scale. It is like watching the small farmer disappear. But when Doug makes a case, I take notice.ĭoug’s prediction got me thinking about scale. If it was anybody but Doug Kass, I would have probably ignored such a massively bullish analysis. My usually bearish friend, hedge-fund manager Doug Kass, wrote last week that Amazon will be at $3,000 within a few years and $5,000 by 2025. The number of listed companies is shrinking because (a) cheap capital lets them stay private longer and (b) the founders and VCs often “exit” by selling to a larger, cash-flush competitor instead of going public.Īn economy in which it is easier and cheaper to buy your competitors rather than out-innovate them is probably headed toward stagnation. This is news because it’s now so unusual. You’ve probably seen stories about the Lyft IPO and other unicorns that will soon go public. The resulting flood of capital bypassed the creative destruction process.Ī lot of this happens under the radar. For whatever reason, they kept short-term stimulus measures like QE and near zero rates (or negative in some places) for far too long. I assign greater blame to the central bankers, not just the Fed but its peers as well. Politicians try to help but finding the right balance is hard. Maybe a new competitor will hire them eventually, but they suffer in the meantime. Some of this happened with good intentions.Ĭreative destruction means companies go out of business and workers lose their jobs. And as companies refuse to die and monopolies refuse to improve, we struggle to generate even mild economic growth. Today, the creative destruction isn’t happening. Joseph Schumpeter called this “creative destruction,” which sounds harsh but it’s absolutely necessary for economic growth. It is a dynamic process with competitors constantly dropping out and new ones appearing. ![]() Normally, companies grow their profits by delivering better products at lower prices than their competitors. Eventually friction brings it to a halt… sometimes a fiery one. Take away competition and it all begins to grind together. We get more output from the same input, or the same output with less input. Starting in the UK in 2005, an updated version of the game, titled Monopoly Here and Now, was produced, replacing game scenarios, properties, and tokens with modern equivalents.Similar boards were produced for Germany and France. The machine works more efficiently when all the parts move freely. “Gumming up the economy” is a good way to describe it.Ĭompetition is an economic lubricant. Far larger than anyone - the American companies DowDuPont and Monsanto.Īs we have reported , some economists say this concentration of market power is gumming up the economy and is largely to blame for decades of flat wages and weak productivity growth. corn seed sales, up from 60% in 2000, and 75% of soy bean seed, a jump from about half, the Agriculture Department says. ![]()
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