> Seems to be a natural tendency for troubled industries to lean into their obsolescence and actually kill their value adds in a futile quest for rent. Yes. Th

> Seems to be a natural tendency for troubled industries to lean into their obsolescence and actually kill their value adds in a futile quest for rent. Yes. They seem to be more willing to spend $10X on lobbying to prolong their obsolete business model than $X to pivot to a new one. I don't know if the number is actually 10, but it certainly appears to be greater than 1.