[chii]

> best way to increase the absolute value of your assets is to encourage large scale societal innovation

but from a company & shareholder perspective, this sort of societal innovation and improvement is not privately capturable. Back in the 70-80's, Bell labs did this sort of innovation, but they were funded directly via a gov't subsidy (because they are given a monopoly on telecommunications), and so management didn't have to care that the expenditure on R&D returned profit, as long as it is innovative.

I wish we could return to those days, but i dont believe it is possible today.