Weyward Competition
Quantum Competition
Dr Bev Williamson's new work represents a radical reconceptualisation of market dominance by drawing on quantum physics to develop a novel framework - Quantum Competition.
It argues that classical competition law is failing to adequately deal with a new generation of supermassive monopolies that, much like black holes distort the fabric of spacetime, distort market dynamics, and proposes a new approach in response.
Excerpt from: Quantum Competition and Supermassive Monopolies
Black holes are not really holes. They are “huge concentrations of matter packed into very tiny spaces.” They have the appearance of a hole because their gravitational pull is so strong that not even light can escape. The ‘surface’ of a black hole, called its ‘event horizon’ is not a surface in the traditional sense, but a boundary between where light can and cannot escape. There are broadly speaking two main kinds of black hole (as categorised by size) : (i) a stellar-mass black hole (which range between “three to dozens of times the Sun’s mass”); and (ii) supermassive black holes (which weigh “100,000 to billions of solar masses”).
Stars are created when gas clouds in the universe collapse under their own gravity. When they contract enough, the temperature of the gas increases until it becomes hot enough to start nuclear reactions. This nuclear reaction converts hydrogen into helium and raises the pressure sufficiently to prevent further collapse. When that fuel is exhausted, heavier elements like carbon and oxygen are created, which do not release sufficient energy to counteract contraction. At this point therefore, the star collapses and triggers a “supernova explosions that blows off the star’s outer layers”. If the crushed core contains more than approximately three solar masses, it will collapse into a black hole.
Whilst this is fascinating in and of itself, it also creates an interesting conceptual lens through which to view the modern multi-sectoral “titans” of industry, and the influence that they exert on the markets (and societies) in which they exist, its “Universe of Influence”.