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Not political, no. A technological revolution, in the disruptive sense. We can look to other disruptive technologies over time to see how the entrenched / favo
by clarkmoody 8y ago
Not political, no. A technological revolution, in the disruptive sense.
We can look to other disruptive technologies over time to see how the entrenched / favored industries handled the change. The story is mostly the same, but the players are different.
The mercatilist impulse is to freeze economics to ensure current levels of profit via state fiat. Even companies that start out revolutionary/scrappy/innovative become conservative after they acquire large market share. It's more important to maintain profit levels, quarterly earnings, and share price than it is to make a risky attempt at another disruptive innovation. Unfortunately, that impulse too often leads them to lobby the legislature or crown.
- noir_lord 8y agoTechnological change and disruptions seem to be accelerating I wonder if we'll get to the point where the large entrenched interests simply can't keep up. It takes time to buy politicians (at least until PaaS - Politician as a Service becomes a thing).