Earlier quoted context omitted.
And yet, only very large companies are able to make a certain class of investments in infrastructure and services — that push technology and society forward as a whole — that small to mid companies due to lack of capacity never could, and governments due to lack of vision and political will never would.
Not quite sure i follow. Do you mean like self driving cars, neural networks, mapping the human genome, or perhaps the internet? I guess IC's might be a good example, but the air force was really the only buyer that could afford them. I dunno, maybe we're moving to a new model. the 20th century way seemed to be to pour massive amounts of money into research at universities, then commercialize whatever whatever happen…
Some do, others have been able to remain relevant for a very long time. Thankfully we have a societal mechanism to prune unproductive companies, it's called bankruptcy.
> Are you thinking google would be willing to risk their ad revenue for a cool new tech? Or microsoft their os/office money? or apple and phones? etc.
So far they have. Google for instance started its self driving car project in 2009, at the height of the recession. It would have been the easiest thing in the world to dismiss the project as wasteful spending when everybody else was tightening their belt.