[thewarrior]

Perfect competition only happens in text books. In the real world monopolies, oligopolies, regulatory capture, control over social connections and capital, markets with asymmetric information (VCs vs public, employees vs companies), management consecrating itself into a class with its own interests , mean that companies can go on for 10-15 years before they are punished.

By the time the market wakes up you’ve switched 3 times and after 10 times you’re retired in the suburbs with a nice BMW. Who cares then.