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>companies in highly competitive industries don’t have the excess profits to reinvest in research. On the flip side, monopolies often have little incentive to
by wu-ikkyu 9y ago
>companies in highly competitive industries don’t have the excess profits to reinvest in research.
On the flip side, monopolies often have little incentive to invest in improving their products/services, and find they can profit from making their products cheaper/worse.
- emodendroket 9y agoOr outright killing research that threatens their main revenue drivers. Like, OK, we eventually got digital cameras, but Kodak didn't do anything with it for a long time because they wanted to keep selling film. With graver consequences, Exxon decided to suppress its own findings about climate change.
- kazagistar 9y agoAnother ongoing example: suppression of research into male birth control due to fears of cutting into profits from the cash cow that is female birth control.
- deleted 9y ago[deleted]