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I think this phenomenon is visible in the reaction that large corporations have to disruptive technologies or ideas. Take the music industry's reaction to effi
by davesque 9y ago
I think this phenomenon is visible in the reaction that large corporations have to disruptive technologies or ideas. Take the music industry's reaction to efficient audio compression formats like MP3: to pretend they didn't exist and/or sue people who used them. There also seems to be a whiff of this in the telecom industry's aggressive pursuit of anti-net-neutrality legislation. In both cases, there are large industries or entities (with lots of inertia) that have enjoyed a long stretch of dominance and profitability. Then, they're challenged by an idea or technology. However, they'd prefer to simply keep making money in the same way they always have. Therefore, their reaction is not to adapt their business model, but to try to kill the technology or idea.