Debunking “America has become so anti-innovation – it's economic suicide”
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Re: Debunking “America has become so anti-innovation – it's economic suicide”
#2Why does he list Bitcoin as an American innovation? Or did I miss read that.
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#3> When the government floods the economy with cheap money printed out of thin air, it distorts market indicators, making many unprofitable projects appear profitable.
Oh, is that a new one? It's the first time I read someone stating that when VCs get high on drugs and spend their money on stupid ideas, it's because of something the government did.
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#4> The truth is government and the public sector is where innovation, and the money that fuels it, comes from.
Bell labs? Xerox Parc?
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#5The problem is the VC, stock market and the economy are becoming a giant monopoly(monopsony) engine. It's stupid to invest in competition.
VCs invest "small"(way larger than the average person can afford to start) bets on a few companies so they can dump a large amounts on the winners. Once the companies have passed the test they go to the stock market to raise even more money to further entrench their monopoly.
It used to be the market was justified because competition drove innovation and choice, but investors don't invest in competition.
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#6I'm tired of these articles. Seriously. Government has funded hi-tech through the military for the last 70 years. That's not a secret and we wouldn't have what we have now with out it. The government knows this and the large corporations who benefit from it know it.
Corporations are not willing to take on the risk to sink billions of dollars to develop a technology which may or may not pay out. Plus once it does pay out, who is to say China isn't going to steal the tech and then undercut the very thing they just developed.
He cites SpaceX as this idea of private investment, completely overlooking the fact that the government is subsidizing the whole endeavour. Please....
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#7Why does he list Bitcoin as an American innovation? Or did I miss read that.
I can see how that's confusing. I was thinking in broader terms of the private sector with that one. Although there is American innovation happening there, it's certainly not the only place.
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#8America: Good for innovation! except for the predatory patent lawsuits which as a small business you won't be able to afford the legal bill to defend against.
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#9> The truth is government and the public sector is where innovation, and the money that fuels it, comes from. Bell labs? Xerox Parc?
And because the private sector doesn't have anything to do with where the public sector gets it's money.
Re: Debunking “America has become so anti-innovation – it's economic suicide”
#10The problem is the VC, stock market and the economy are becoming a giant monopoly(monopsony) engine. It's stupid to invest in competition. VCs invest "small"(way larger than the average person can afford to start) bets on a few companies so they can dump a large amounts on the winners. Once the companies have passed the test they go to the stock market to raise even more money to further entrench their monopoly. It u…
Think of it like a systems problem. You'll only find local minima/maxima with greedy algorithms.