Latter statement you quoted accurately describes VC and start up world.
Big tech was even worse than this. Monopoly? That implies a vision and proper focus to achieve business goals.
My take is far less generous. This was one of the biggest grifts in recent times. the professional managerial class obsessed not with their products or services but instead on increasing headcount, building empires, and getting promotions. Office politics and political games played by people who produced little to no economic value.
Big tech was even worse than this. Monopoly? That implies a vision and proper focus to achieve business goals.
My take is far less generous. This was one of the biggest grifts in recent times. the professional managerial class obsessed not with their products or services but instead on increasing headcount, building empires, and getting promotions. Office politics and political games played by people who produced little to no economic value.