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by morgante 1551 days ago
I'm not convinced this is even a problem that needs to be solved.

If companies inevitable self-destruct from short-term management, that creates space for new companies to emerge with new approaches. Sure, there will be some noise/churn but overall I think it makes the overall ecosystem stronger.

The 1,000-year monopoly is a terrifying idea.

1 comments

Creative destruction is important, but some businesses are easier to replace than others. How do you create another Intel or Boeing? The start up costs are insane. Even beyond that, there's value in some institutions.
I mean if we really need leading-edge aerospace or semiconductors protected from the vicissitudes of the market, the government getting more directly involved seems like the obvious answer.
I agree for these two cases, but more generally the market has some inefficiencies when good companies self-immolate like this.