One of the interesting things about capitalism is that, while both theory and practice bear out the fact that competition spurs innovation, the dream of large companies and corporations is to find that one magic thing that lets them rake in profits without ever having to innovate again.
You see it in movies: "Wow we made a ton of money with that superhero movie let's just clone it over and over and we'll be rich forever!". And you see it in all the other things that are trying to move to a subscription model.
If I had to pick one of the worst things about modern society (other than the politics of the left) it would probably be this slavish devotion to rent-seeking that modern companies all seem to have ascribed to.
Yeah. It seems the days of "building a better mouse trap" are long gone, except maybe in the tech sector, but their innovations have dubious benefits and are outpacing our ability to make good use of them.
One of the interesting things about capitalism is that, while both theory and practice bear out the fact that competition spurs innovation, the dream of large companies and corporations is to find that one magic thing that lets them rake in profits without ever having to innovate again.
You see it in movies: "Wow we made a ton of money with that superhero movie let's just clone it over and over and we'll be rich forever!". And you see it in all the other things that are trying to move to a subscription model.
If I had to pick one of the worst things about modern society (other than the politics of the left) it would probably be this slavish devotion to rent-seeking that modern companies all seem to have ascribed to.
Yeah. It seems the days of "building a better mouse trap" are long gone, except maybe in the tech sector, but their innovations have dubious benefits and are outpacing our ability to make good use of them.