Comment by shakna
6 days ago
I'm not sure I agree with you on innovation. One of the largest drivers of innovation, historically, has been war and desperation. In those circumstances, you generally can't afford to lose. So the idea of innovation needing the comfort of a soft landing doesn't really seem to fit reality.
I agree that war pushes innovation the most, but I assume you don't want humanity to be in constant state of war. So how do you get innovation in peace time? I would argue if you're in a very competitive market and you're margins are 1-2% you cannot afford to go for innovation. Bell Labs which arguably is one of the most innovative places in peace time was the result of the AT&T monopoly. Most innovation comes out of monopolies or excess capital in peace time.
Personally, I think you have it backwards, hard competition breeds innovation. Large companies don't have to innovate so they don't. They coast, sometimes going many decades between major innovations.
For example, Google doesn't have to change Chrome in any meaningful way to maintain (or even grow) it's market share. So, they don't. Browsers haven't changed much in a good decade and a half. That money is much better spent on marketing.
War is an extreme form of competition. It’s possible to have competition without violence.