It’s not a conspiracy, its the innovator’s dilemma. It’s the fact that getting to a point where you can compete on margins would force you to invest all of the

It’s not a conspiracy, its the innovator’s dilemma. It’s the fact that getting to a point where you can compete on margins would force you to invest all of the margins of your existing company (and possibly then some), and being unwilling to do so. I believe this is shortsighted thinking. They’ll have fat margins for now, and then a few years from now it’ll be too late. Companies like Tesla that are fine absolutely incinerating cash and playing with death in order to make it work will have a serious headstart.