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by Red_Leaves_Flyy 1667 days ago
America is become a prison to the titans of industries. When every industries leading companies can leverage their scale to extort governments to accept their rent seeking, price gouging, and anticompetitive behaviors then it is no wonder that innovation is dropping precipitously. Companies won’t invest heavily in r&d when they instead charge handsomely for marginal gains achieved by an underpaid lifer for a song year in and out.

Would be founders with groundbreaking ideas have been chilled out of the go it your own way route and instead are taking the safe routes by selling out to the soulless and psychopathic megacorps destroying humanity.

1 comments

Interesting take, but there's observably less rent seeking in the USA today than there was say 70 years ago. Tariffs are much lower, global competition is fierce, and believe it or not, politics is much more transparent (though not as transparent as it ought to be)

In addition, this article is talking about

1) a global phenomena, not just an American one.

2) a shortage of originality beyond just business. In particular, he points out academic research and institutional education and government programs.