About this: "I’m not bitter; I just believe we’ve fallen into a bunch of bad habits in our industry which need a good recession and some creative destruction t

About this: "I’m not bitter; I just believe we’ve fallen into a bunch of bad habits in our industry which need a good recession and some creative destruction to weed out what is limping along." A recession might actually make things even worse. At least part of the problem in the industry is the growing power of monopoly. Firms are increasingly protected from competition, and therefore bad habits can thrive because the bad habits are not enough to bring down the firm. That is, there isn't enough competition for the firm to be hurt by its own bad habits. And this lack of competition goes back to the declining rate of new company formation: http://www.governing.com/topics/mgmt/gov-businesses-economic-innovation-group-study.html http://www.governing.com/topics/mgmt/gov-businesses-economic... Also, see this chart: http://www.smashcompany.com/business/the-decline-of-usa-investment-since-1964 http://www.smashcompany.com/business/the-decline-of-usa-inve...